Cipher Capital LP boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 44.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,053 shares of the company’s stock after buying an additional 19,262 shares during the period. Cipher Capital LP’s holdings in Darling Ingredients were worth $992,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Neuburgh Advisers LLC grew its position in Darling Ingredients by 4.9% in the 1st quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after buying an additional 440 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Darling Ingredients in the first quarter valued at $146,000. Miles Capital Inc. lifted its holdings in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after acquiring an additional 28 shares during the period. World Asset Management Inc lifted its holdings in Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after acquiring an additional 94 shares during the period. Finally, Delta Capital Management LLC acquired a new stake in Darling Ingredients in the second quarter valued at $157,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.
DAR has been the subject of a number of recent analyst reports. BidaskClub downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Robert W. Baird reissued an “outperform” rating and issued a $20.00 target price on shares of Darling Ingredients in a report on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 target price on Darling Ingredients and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.17.
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Darling Ingredients Inc. (NYSE DAR) opened at 18.26 on Friday. The stock’s 50 day moving average price is $17.03 and its 200 day moving average price is $15.81. Darling Ingredients Inc. has a 1-year low of $11.51 and a 1-year high of $18.27. The firm has a market cap of $3.01 billion, a P/E ratio of 35.87 and a beta of 1.60.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $890.91 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients Inc. will post $0.44 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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