Vivaldi Asset Management LLC lessened its stake in shares of Darling Ingredients (NYSE:DAR) by 31.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 823,177 shares of the company’s stock after selling 371,910 shares during the period. Darling Ingredients accounts for approximately 2.0% of Vivaldi Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Vivaldi Asset Management LLC owned approximately 0.50% of Darling Ingredients worth $14,241,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in shares of Darling Ingredients by 310.2% during the 4th quarter. Teacher Retirement System of Texas now owns 55,719 shares of the company’s stock worth $1,010,000 after purchasing an additional 42,135 shares during the last quarter. Aperio Group LLC raised its position in shares of Darling Ingredients by 7.4% during the 4th quarter. Aperio Group LLC now owns 184,890 shares of the company’s stock worth $3,352,000 after purchasing an additional 12,805 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Darling Ingredients during the 4th quarter worth about $163,000. Stanley Laman Group Ltd. raised its position in shares of Darling Ingredients by 1.1% during the 4th quarter. Stanley Laman Group Ltd. now owns 334,131 shares of the company’s stock worth $6,058,000 after purchasing an additional 3,542 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Darling Ingredients by 223.8% during the 4th quarter. Arizona State Retirement System now owns 276,842 shares of the company’s stock worth $5,019,000 after purchasing an additional 191,333 shares during the last quarter. Hedge funds and other institutional investors own 99.96% of the company’s stock.
DAR stock opened at $17.69 on Wednesday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 73.13 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.92 and a quick ratio of 1.18. Darling Ingredients has a 12 month low of $17.69 and a 12 month high of $17.70.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Wednesday, May 9th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.48. The company had revenue of $875.40 million during the quarter, compared to the consensus estimate of $884.83 million. Darling Ingredients had a net margin of 6.01% and a return on equity of 5.75%. Darling Ingredients’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. sell-side analysts expect that Darling Ingredients will post 0.98 earnings per share for the current year.
Several research firms recently weighed in on DAR. ValuEngine upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. BMO Capital Markets downgraded shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. TheStreet upgraded shares of Darling Ingredients from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. Finally, Goldman Sachs reiterated a “neutral” rating on shares of Darling Ingredients in a report on Thursday, March 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Darling Ingredients currently has a consensus rating of “Hold” and an average target price of $19.71.
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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