Darling Ingredients Inc. (DAR) Shares Sold by Pinebridge Investments L.P.
Pinebridge Investments L.P. reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,964 shares of the company’s stock after selling 4,657 shares during the period. Pinebridge Investments L.P. owned 0.12% of Darling Ingredients worth $3,084,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in shares of Darling Ingredients during the 1st quarter valued at $146,000. Miles Capital Inc. lifted its stake in shares of Darling Ingredients by 0.3% in the 1st quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after purchasing an additional 28 shares during the last quarter. World Asset Management Inc lifted its stake in shares of Darling Ingredients by 0.9% in the 1st quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after purchasing an additional 94 shares during the last quarter. Delta Capital Management LLC acquired a new stake in shares of Darling Ingredients in the 2nd quarter valued at $157,000. Finally, Malaga Cove Capital LLC acquired a new stake in shares of Darling Ingredients in the 2nd quarter valued at $167,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
Darling Ingredients Inc. (DAR) opened at 18.11 on Friday. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $18.27. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 35.58 and a beta of 1.60. The firm’s 50-day moving average is $17.03 and its 200-day moving average is $15.81.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The firm had revenue of $896.30 million during the quarter, compared to the consensus estimate of $890.91 million. During the same period last year, the business earned $0.19 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Analysts forecast that Darling Ingredients Inc. will post $0.44 EPS for the current fiscal year.
Several equities research analysts recently issued reports on DAR shares. BidaskClub lowered shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Darling Ingredients in a research note on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 price objective on shares of Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.17.
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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