Strs Ohio Sells 2,300 Shares of Darling Ingredients Inc (NYSE:DAR)
Strs Ohio lessened its stake in Darling Ingredients Inc (NYSE:DAR) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,300 shares of the company’s stock after selling 2,300 shares during the period. Strs Ohio’s holdings in Darling Ingredients were worth $1,484,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DAR. USA Financial Portformulas Corp purchased a new position in shares of Darling Ingredients during the 1st quarter worth approximately $33,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Darling Ingredients during the 1st quarter worth approximately $42,000. State of Michigan Retirement System purchased a new position in shares of Darling Ingredients during the 1st quarter worth approximately $46,000. Macquarie Group Ltd. purchased a new position in shares of Darling Ingredients during the 4th quarter worth approximately $61,000. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $72,000. 95.58% of the stock is owned by institutional investors.
DAR has been the topic of a number of research analyst reports. Berenberg Bank assumed coverage on Darling Ingredients in a report on Thursday, July 16th. They set a “buy” rating and a $33.00 target price on the stock. Zacks Investment Research downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, ValuEngine downgraded Darling Ingredients from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Darling Ingredients currently has a consensus rating of “Hold” and a consensus price target of $30.00.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The firm had revenue of $852.84 million for the quarter, compared to analysts’ expectations of $851.13 million. Darling Ingredients had a return on equity of 11.70% and a net margin of 11.24%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. Equities research analysts anticipate that Darling Ingredients Inc will post 1.69 EPS for the current year.
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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