Prudential Financial Inc. decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 32.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 721,181 shares of the company’s stock after selling 340,900 shares during the quarter. Prudential Financial Inc. owned approximately 0.44% of Darling Ingredients worth $11,351,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of DAR. BlackRock Inc. raised its position in Darling Ingredients by 7,798.7% in the 1st quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after purchasing an additional 20,179,041 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Darling Ingredients in the 1st quarter valued at $14,819,000. Vanguard Group Inc. raised its position in Darling Ingredients by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock valued at $223,870,000 after purchasing an additional 910,712 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Darling Ingredients by 6.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,770,238 shares of the company’s stock valued at $185,423,000 after purchasing an additional 802,072 shares during the last quarter. Finally, Vivaldi Capital Management LLC bought a new position in Darling Ingredients in the 1st quarter valued at $11,309,352,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.
Several equities analysts have issued reports on DAR shares. J P Morgan Chase & Co set a $19.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research report on Monday, August 14th. BMO Capital Markets reiterated a “buy” rating and issued a $19.00 price objective on shares of Darling Ingredients in a research report on Tuesday, May 16th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a research note on Monday, May 15th. BidaskClub cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.17.
Shares of Darling Ingredients Inc. (NYSE:DAR) opened at 17.80 on Monday. The stock has a 50 day moving average price of $16.78 and a 200 day moving average price of $15.55. The firm has a market capitalization of $2.93 billion, a PE ratio of 34.97 and a beta of 1.60. Darling Ingredients Inc. has a 1-year low of $11.51 and a 1-year high of $17.87.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The company had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 earnings per share. Equities research analysts anticipate that Darling Ingredients Inc. will post $0.44 earnings per share for the current fiscal year.
Darling Ingredients Company Profile
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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