Luminus Management LLC acquired a new stake in shares of Darling Ingredients Inc (NYSE:DAR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 168,602 shares of the company’s stock, valued at approximately $3,057,000. Luminus Management LLC owned approximately 0.10% of Darling Ingredients at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of DAR. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Darling Ingredients by 54.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock valued at $144,000 after purchasing an additional 2,808 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at $163,000. Advisor Group Inc. increased its position in shares of Darling Ingredients by 34.9% during the 3rd quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock valued at $209,000 after purchasing an additional 3,086 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at $223,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Darling Ingredients by 10.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,628 shares of the company’s stock valued at $230,000 after purchasing an additional 1,376 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.
Several equities research analysts have recently issued reports on DAR shares. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Darling Ingredients in a research report on Thursday, March 1st. Zacks Investment Research lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. BMO Capital Markets lowered Darling Ingredients from an “outperform” rating to a “market perform” rating and raised their target price for the company from $19.00 to $20.00 in a research report on Thursday, March 1st. They noted that the move was a valuation call. Finally, TheStreet lowered Darling Ingredients from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.71.
Shares of Darling Ingredients Inc (NYSE:DAR) opened at $18.13 on Wednesday. Darling Ingredients Inc has a 12-month low of $13.98 and a 12-month high of $19.50. The stock has a market capitalization of $3,043.21, a price-to-earnings ratio of 23.55 and a beta of 1.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.71.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Darling Ingredients had a return on equity of 1.82% and a net margin of 3.50%. The company had revenue of $952.55 million during the quarter, compared to analyst estimates of $896.87 million. sell-side analysts predict that Darling Ingredients Inc will post 1 earnings per share for the current year.
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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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