James Investment Research Inc. lessened its holdings in Darling Ingredients Inc (NYSE:DAR) by 15.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 42,470 shares of the company’s stock after selling 7,730 shares during the period. James Investment Research Inc.’s holdings in Darling Ingredients were worth $919,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of DAR. FMR LLC increased its stake in Darling Ingredients by 15.4% in the 4th quarter. FMR LLC now owns 16,188,897 shares of the company’s stock worth $311,475,000 after buying an additional 2,158,812 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Darling Ingredients by 62.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,937,915 shares of the company’s stock worth $95,006,000 after buying an additional 1,897,277 shares in the last quarter. Norges Bank purchased a new stake in Darling Ingredients in the 4th quarter worth $32,771,000. Oregon Public Employees Retirement Fund purchased a new stake in Darling Ingredients in the 4th quarter worth $63,000. Finally, BlackRock Inc. increased its stake in Darling Ingredients by 2.3% in the 4th quarter. BlackRock Inc. now owns 24,292,062 shares of the company’s stock worth $467,379,000 after buying an additional 545,974 shares in the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.
Shares of Darling Ingredients stock traded up $0.09 during trading on Wednesday, reaching $20.13. 716,009 shares of the stock traded hands, compared to its average volume of 995,557. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 22.62 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 0.74. Darling Ingredients Inc has a 52-week low of $17.99 and a 52-week high of $22.62.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.06). The firm had revenue of $835.10 million for the quarter, compared to analysts’ expectations of $866.47 million. Darling Ingredients had a net margin of 0.66% and a return on equity of 3.01%. On average, equities analysts expect that Darling Ingredients Inc will post 0.91 EPS for the current fiscal year.
In related news, Chairman Randall C. Stuewe sold 21,060 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total value of $463,320.00. Following the completion of the transaction, the chairman now owns 798,989 shares of the company’s stock, valued at approximately $17,577,758. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Randall C. Stuewe sold 68,940 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the completion of the transaction, the chief executive officer now directly owns 780,680 shares of the company’s stock, valued at approximately $16,409,893.60. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.
Separately, Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.
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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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