Nisa Investment Advisors LLC maintained its stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,760 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Darling Ingredients were worth $656,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of DAR. Neuburgh Advisers LLC increased its stake in Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock worth $136,000 after buying an additional 440 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Darling Ingredients during the fourth quarter worth about $123,000. Delta Capital Management LLC purchased a new stake in Darling Ingredients during the second quarter worth about $157,000. Victory Capital Management Inc. purchased a new stake in Darling Ingredients during the first quarter worth about $146,000. Finally, Miles Capital Inc. increased its stake in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after buying an additional 28 shares in the last quarter. 94.46% of the stock is owned by institutional investors.
Darling Ingredients Inc. (DAR) opened at 15.60 on Friday. Darling Ingredients Inc. has a 12-month low of $11.51 and a 12-month high of $17.08. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 30.65 and a beta of 1.61. The stock has a 50 day moving average price of $16.34 and a 200-day moving average price of $15.06.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by $0.05. The company had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. Equities analysts predict that Darling Ingredients Inc. will post $0.44 EPS for the current fiscal year.
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A number of analysts have issued reports on the company. J P Morgan Chase & Co set a $19.00 target price on Darling Ingredients and gave the stock a “buy” rating in a research report on Monday, August 14th. Robert W. Baird reissued an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Darling Ingredients in a research report on Friday, August 11th. BidaskClub downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, May 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.17.
In related news, CFO Patrick C. Lynch acquired 18,337 shares of Darling Ingredients stock in a transaction dated Tuesday, May 23rd. The stock was purchased at an average cost of $16.39 per share, for a total transaction of $300,543.43. Following the purchase, the chief financial officer now directly owns 147,295 shares of the company’s stock, valued at approximately $2,414,165.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.95% of the company’s stock.
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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