Russell Investments Group Ltd. decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 40.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,279 shares of the company’s stock after selling 12,830 shares during the period. Russell Investments Group Ltd.’s holdings in Darling Ingredients were worth $303,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Darling Ingredients by 1.9% during the second quarter. US Bancorp DE now owns 27,259 shares of the company’s stock worth $429,000 after buying an additional 500 shares during the last quarter. Malaga Cove Capital LLC acquired a new position in Darling Ingredients during the second quarter worth $167,000. Peregrine Capital Management LLC raised its holdings in Darling Ingredients by 2.0% during the second quarter. Peregrine Capital Management LLC now owns 672,893 shares of the company’s stock worth $10,591,000 after buying an additional 13,423 shares during the last quarter. Aperio Group LLC raised its holdings in Darling Ingredients by 55.5% during the second quarter. Aperio Group LLC now owns 167,462 shares of the company’s stock worth $2,636,000 after buying an additional 59,801 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Darling Ingredients by 2.9% during the second quarter. Advisors Capital Management LLC now owns 172,992 shares of the company’s stock worth $2,723,000 after buying an additional 4,850 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.
Several research analysts have weighed in on DAR shares. BidaskClub upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Robert W. Baird restated an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. Finally, J P Morgan Chase & Co set a $19.00 price objective on shares of Darling Ingredients and gave the stock a “buy” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Darling Ingredients presently has an average rating of “Buy” and a consensus price target of $18.17.
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Darling Ingredients Inc. (NYSE DAR) traded up 1.00% on Friday, reaching $18.26. 667,766 shares of the company’s stock traded hands. The company has a market cap of $3.01 billion, a PE ratio of 35.87 and a beta of 1.60. Darling Ingredients Inc. has a 12 month low of $11.51 and a 12 month high of $18.27. The firm’s 50 day moving average price is $17.03 and its 200 day moving average price is $15.81.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post $0.44 EPS for the current fiscal year.
About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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