Ramsey Quantitative Systems Has $339,000 Holdings in Darling Ingredients Inc (DAR)
Ramsey Quantitative Systems cut its stake in Darling Ingredients Inc (NYSE:DAR) by 12.6% in the third quarter, HoldingsChannel.com reports. The fund owned 17,558 shares of the company’s stock after selling 2,525 shares during the period. Ramsey Quantitative Systems’ holdings in Darling Ingredients were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in DAR. Stifel Financial Corp lifted its holdings in Darling Ingredients by 20.9% in the first quarter. Stifel Financial Corp now owns 21,671 shares of the company’s stock valued at $375,000 after acquiring an additional 3,741 shares during the period. UBS Group AG lifted its holdings in Darling Ingredients by 27.8% in the first quarter. UBS Group AG now owns 23,155 shares of the company’s stock valued at $400,000 after acquiring an additional 5,035 shares during the period. United Capital Financial Advisers LLC acquired a new position in Darling Ingredients in the first quarter valued at approximately $173,000. Cubist Systematic Strategies LLC lifted its holdings in Darling Ingredients by 85.0% in the first quarter. Cubist Systematic Strategies LLC now owns 11,125 shares of the company’s stock valued at $192,000 after acquiring an additional 5,112 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Darling Ingredients in the first quarter valued at approximately $517,000. 99.07% of the stock is owned by institutional investors.
A number of research analysts have issued reports on DAR shares. Zacks Investment Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 31st. BMO Capital Markets boosted their price target on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Finally, JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.83.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. The business had revenue of $846.65 million during the quarter, compared to analysts’ expectations of $868.36 million. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. As a group, equities analysts predict that Darling Ingredients Inc will post 1.02 EPS for the current fiscal year.
Darling Ingredients Company Profile
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.
Featured Article: Dollar Cost Averaging
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.