ProShare Advisors LLC Sells 6,057 Shares of Darling Ingredients Inc. (DAR)

ProShare Advisors LLC trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 25.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,001 shares of the company’s stock after selling 6,057 shares during the period. ProShare Advisors LLC’s holdings in Darling Ingredients were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Darling Ingredients by 1.4% during the second quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock worth $353,000 after purchasing an additional 304 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Darling Ingredients by 8.9% during the second quarter. Ameriprise Financial Inc. now owns 1,153,794 shares of the company’s stock worth $18,162,000 after purchasing an additional 94,610 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Darling Ingredients by 1.3% during the second quarter. Teachers Advisors LLC now owns 1,052,958 shares of the company’s stock worth $16,574,000 after purchasing an additional 13,674 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Darling Ingredients by 3.3% during the second quarter. Raymond James Trust N.A. now owns 25,524 shares of the company’s stock worth $402,000 after purchasing an additional 812 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of Darling Ingredients by 30.7% during the second quarter. Riverhead Capital Management LLC now owns 13,858 shares of the company’s stock worth $218,000 after purchasing an additional 3,258 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday. BidaskClub raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity reissued a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Monday, September 25th. Finally, J P Morgan Chase & Co set a $19.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Darling Ingredients presently has an average rating of “Buy” and a consensus price target of $18.50.

Shares of Darling Ingredients Inc. (DAR) opened at 16.72 on Thursday. The firm’s 50-day moving average is $17.60 and its 200 day moving average is $16.18. Darling Ingredients Inc. has a 1-year low of $11.51 and a 1-year high of $18.65. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 32.85 and a beta of 1.57.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $896.30 million during 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% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share. Equities analysts expect that Darling Ingredients Inc. will post $0.40 EPS 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.

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

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