Darling Ingredients Inc (DAR) Shares Sold by Frontier Capital Management Co. LLC
Frontier Capital Management Co. LLC lessened its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 395,187 shares of the company’s stock after selling 6,017 shares during the period. Frontier Capital Management Co. LLC’s holdings in Darling Ingredients were worth $7,165,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DAR. AXA acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $299,000. Alliancebernstein L.P. raised its position in shares of Darling Ingredients by 35.3% during the 2nd quarter. Alliancebernstein L.P. now owns 331,624 shares of the company’s stock worth $5,220,000 after acquiring an additional 86,516 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Darling Ingredients by 30.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,858 shares of the company’s stock worth $218,000 after acquiring an additional 3,258 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Darling Ingredients by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,052,958 shares of the company’s stock worth $16,574,000 after acquiring an additional 13,674 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Darling Ingredients by 8.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,153,794 shares of the company’s stock worth $18,162,000 after acquiring an additional 94,610 shares in the last quarter. 97.74% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on DAR shares. Zacks Investment Research lowered Darling Ingredients from a “buy” rating to a “sell” rating in a research report on Monday, October 16th. JPMorgan Chase & Co. lowered Darling Ingredients from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $18.00 in a research report on Friday, October 6th. Canaccord Genuity lifted their price target on Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Roth Capital set a $20.00 price target on Darling Ingredients and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Darling Ingredients in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.33.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $937.70 million for the quarter, compared to analyst estimates of $870.50 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. equities analysts expect that Darling Ingredients Inc will post 0.24 EPS for the current year.
Darling Ingredients 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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