Assenagon Asset Management S.A. acquired a new stake in shares of Darling Ingredients Inc (NYSE:DAR) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 46,382 shares of the company’s stock, valued at approximately $1,004,000.
Other hedge funds have also recently made changes to their positions in the company. Enlightenment Research LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $31,000. Phocas Financial Corp. bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $35,000. Meeder Asset Management Inc. bought a new stake in shares of Darling Ingredients during the 1st quarter valued at $51,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Darling Ingredients by 455.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,564 shares of the company’s stock valued at $49,000 after purchasing an additional 2,102 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $130,000. Hedge funds and other institutional investors own 99.60% of the company’s stock.
Shares of DAR stock opened at $21.15 on Tuesday. The firm has a market cap of $3.49 billion, a PE ratio of 23.76 and a beta of 1.16. Darling Ingredients Inc has a one year low of $16.55 and a one year high of $22.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.66.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $853.13 million for the quarter, compared to the consensus estimate of $889.24 million. Darling Ingredients had a net margin of 3.00% and a return on equity of 6.35%. The company’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. On average, equities analysts forecast that Darling Ingredients Inc will post 0.92 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, January 21st.
In other Darling Ingredients news, Chairman Randall C. Stuewe sold 21,060 shares of Darling Ingredients stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total value of $463,320.00. Following the sale, the chairman now directly owns 798,989 shares in the company, valued at approximately $17,577,758. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Randall C. Stuewe sold 68,940 shares of Darling Ingredients stock in a transaction on Monday, March 11th. The shares were sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the completion of the sale, the chief executive officer now owns 780,680 shares in the company, valued at $16,409,893.60. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.
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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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