Schroder Investment Management Group Acquires 102,905 Shares of Darling Ingredients Inc (DAR)

Schroder Investment Management Group boosted its holdings in Darling Ingredients Inc (NYSE:DAR) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,114,952 shares of the company’s stock after buying an additional 102,905 shares during the period. Schroder Investment Management Group owned approximately 0.68% of Darling Ingredients worth $19,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc grew its position in shares of Darling Ingredients by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 453,128 shares of the company’s stock valued at $7,935,000 after purchasing an additional 8,516 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Darling Ingredients by 1.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,888,555 shares of the company’s stock worth $51,820,000 after acquiring an additional 50,174 shares during the last quarter. GMT Capital Corp lifted its holdings in shares of Darling Ingredients by 24.3% during the 3rd quarter. GMT Capital Corp now owns 1,480,869 shares of the company’s stock worth $25,945,000 after acquiring an additional 289,469 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Darling Ingredients by 5.7% during the 3rd quarter. American International Group Inc. now owns 130,098 shares of the company’s stock worth $2,279,000 after acquiring an additional 7,065 shares during the last quarter. Finally, Cipher Capital LP lifted its holdings in shares of Darling Ingredients by 12.8% during the 3rd quarter. Cipher Capital LP now owns 71,147 shares of the company’s stock worth $1,247,000 after acquiring an additional 8,094 shares during the last quarter. Institutional investors and hedge funds own 98.06% of the company’s stock.

A number of analysts have recently issued reports on the stock. 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. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price objective on shares of Darling Ingredients in a report on Monday, September 25th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, October 11th. Finally, Roth Capital set a $20.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Darling Ingredients presently has an average rating of “Buy” and a consensus target price of $19.33.

Darling Ingredients Inc (NYSE:DAR) traded down $0.14 during trading on Wednesday, reaching $18.15. 1,139,700 shares of the company’s stock traded hands, compared to its average volume of 1,180,628. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07. The company has a market capitalization of $3,012.03, a P/E ratio of 46.90 and a beta of 1.53. Darling Ingredients Inc has a 1-year low of $11.51 and a 1-year high of $18.65.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $937.70 million during the quarter, compared to the consensus estimate of $870.50 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. analysts predict that Darling Ingredients Inc will post 0.24 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Schroder Investment Management Group Acquires 102,905 Shares of Darling Ingredients Inc (DAR)” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://sportsperspectives.com/2017/12/06/schroder-investment-management-group-acquires-102905-shares-of-darling-ingredients-inc-dar.html.

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.

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

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

Latest News

Leave a Reply