Darling Ingredients Inc (DAR) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan boosted its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,420 shares of the company’s stock after acquiring an additional 3,440 shares during the period. Municipal Employees Retirement System of Michigan owned 0.05% of Darling Ingredients worth $1,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Darling Ingredients by 54.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock worth $144,000 after buying an additional 2,808 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Darling Ingredients in the 4th quarter worth $163,000. Zeke Capital Advisors LLC purchased a new position in shares of Darling Ingredients in the 4th quarter worth $185,000. Vivaldi Capital Management LLC purchased a new position in shares of Darling Ingredients in the 1st quarter worth $199,000. Finally, Atria Investments LLC purchased a new position in shares of Darling Ingredients in the 1st quarter worth $202,000. 98.84% of the stock is owned by institutional investors.

A number of brokerages have commented on DAR. ValuEngine raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BMO Capital Markets cut shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $19.00 to $20.00 in a research note on Thursday, March 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. TheStreet raised shares of Darling Ingredients from a “c+” rating to a “b” rating in a research note on Tuesday, March 20th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Darling Ingredients in a research note on Thursday, March 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.71.

Darling Ingredients opened at $18.66 on Monday, MarketBeat Ratings reports. The stock has a market capitalization of $3.07 billion, a PE ratio of 77.75 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.92 and a quick ratio of 1.18. Darling Ingredients Inc has a 12-month low of $15.44 and a 12-month high of $19.50.

Darling Ingredients (NYSE:DAR) last released its earnings results on Wednesday, May 9th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.48. The firm had revenue of $875.40 million during the quarter, compared to analyst estimates of $884.83 million. Darling Ingredients had a net margin of 6.01% and a return on equity of 5.75%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. research analysts forecast that Darling Ingredients Inc will post 0.98 EPS for the current year.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc (NYSE:DAR).

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply