IndexIQ Advisors LLC Boosts Holdings in Darling Ingredients Inc. (DAR)
IndexIQ Advisors LLC boosted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 83.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,694 shares of the company’s stock after buying an additional 27,086 shares during the period. IndexIQ Advisors LLC’s holdings in Darling Ingredients were worth $1,046,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of DAR. Delta Capital Management LLC purchased a new stake in Darling Ingredients during the 2nd quarter worth approximately $157,000. Malaga Cove Capital LLC purchased a new stake in Darling Ingredients during the 2nd quarter worth approximately $167,000. Integrated Investment Consultants LLC purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $168,000. World Asset Management Inc increased its stake in Darling Ingredients by 2.3% during the 2nd quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after buying an additional 237 shares in the last quarter. Finally, Harrington Investments INC purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $185,000. Institutional investors own 95.59% of the company’s stock.
Several equities research analysts have commented on the company. J P Morgan Chase & Co set a $19.00 price objective on Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, August 14th. Robert W. Baird restated a “buy” rating and issued a $20.00 price target on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity upped their price target on Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday. BidaskClub lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.33.
Shares of Darling Ingredients Inc. (DAR) opened at $16.34 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.16. The stock has a market capitalization of $2,700.78, a P/E ratio of 42.05 and a beta of 1.54. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $18.65.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $937.70 million during the quarter, compared to analysts’ expectations of $870.50 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. sell-side analysts predict that Darling Ingredients Inc. will post 0.27 EPS for the current fiscal year.
Darling Ingredients Company Profile
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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