Great West Life Assurance Co. Can raised its position in Darling Ingredients Inc. (NYSE:DAR) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,614 shares of the company’s stock after buying an additional 13,784 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Darling Ingredients worth $3,317,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its stake in Darling Ingredients by 4.4% in the fourth quarter. State Street Corp now owns 3,925,212 shares of the company’s stock worth $50,672,000 after buying an additional 167,150 shares during the last quarter. Comerica Bank raised its stake in Darling Ingredients by 6.2% in the fourth quarter. Comerica Bank now owns 199,505 shares of the company’s stock worth $2,424,000 after buying an additional 11,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Darling Ingredients by 0.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 339,417 shares of the company’s stock worth $4,382,000 after buying an additional 2,648 shares during the last quarter. HighVista Strategies LLC purchased a new position in Darling Ingredients during the third quarter worth about $2,968,000. Finally, Everence Capital Management Inc. purchased a new position in Darling Ingredients during the first quarter worth about $170,000. Institutional investors and hedge funds own 95.95% of the company’s stock.
Darling Ingredients Inc. (DAR) opened at 15.72 on Friday. Darling Ingredients Inc. has a 12 month low of $11.51 and a 12 month high of $16.61. The stock has a market capitalization of $2.59 billion, a PE ratio of 24.22 and a beta of 1.69. The company’s 50-day moving average price is $15.68 and its 200 day moving average price is $14.08.
Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $880.10 million during the quarter, compared to the consensus estimate of $842.52 million. Darling Ingredients had a net margin of 3.06% and a return on equity of 5.15%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, analysts forecast that Darling Ingredients Inc. will post $0.56 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, March 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $19.00 price objective on shares of Darling Ingredients in a research report on Tuesday, May 16th. TheStreet raised Darling Ingredients from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Roth Capital set a $17.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research report on Tuesday, February 28th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Darling Ingredients currently has a consensus rating of “Buy” and an average price target of $17.71.
In other news, CFO Patrick C. Lynch acquired 18,337 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average price of $16.39 per share, with a total value of $300,543.43. Following the transaction, the chief financial officer now directly owns 147,295 shares in the company, valued at approximately $2,414,165.05. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Patrick C. Lynch acquired 18,820 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $15.93 per share, with a total value of $299,802.60. Following the transaction, the chief financial officer now owns 128,958 shares in the company, valued at $2,054,300.94. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 56,867 shares of company stock valued at $899,938. 1.95% of the stock is owned by insiders.
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.
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