Nationwide Fund Advisors increased its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,353 shares of the company’s stock after buying an additional 9,240 shares during the period. Nationwide Fund Advisors owned about 0.15% of Darling Ingredients worth $4,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. World Asset Management Inc lifted its position in shares of Darling Ingredients by 2.3% during the 2nd quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock valued at $169,000 after buying an additional 237 shares in the last quarter. Harrington Investments INC purchased a new position in shares of Darling Ingredients during the 3rd quarter valued at approximately $185,000. Victory Capital Management Inc. lifted its position in shares of Darling Ingredients by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 11,835 shares of the company’s stock valued at $186,000 after buying an additional 1,774 shares in the last quarter. Strs Ohio lifted its position in shares of Darling Ingredients by 21.0% during the 2nd quarter. Strs Ohio now owns 12,100 shares of the company’s stock valued at $190,000 after buying an additional 2,100 shares in the last quarter. Finally, Benchmark Capital Advisors purchased a new position in shares of Darling Ingredients during the 2nd quarter valued at approximately $197,000. Hedge funds and other institutional investors own 98.06% of the company’s stock.
A number of brokerages have weighed in on DAR. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Canaccord Genuity raised their price objective on Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 6th. Roth Capital set a $20.00 price objective on Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. J P Morgan Chase & Co lowered Darling Ingredients from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $18.00 in a report on Friday, October 6th. Finally, Robert W. Baird restated a “buy” rating and issued a $20.00 price objective on shares of Darling Ingredients in a 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 company currently has a consensus rating of “Buy” and an average target price of $19.33.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $937.70 million during the quarter, compared to analysts’ expectations of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. equities research analysts forecast that Darling Ingredients Inc will post 0.24 earnings per share for the current fiscal year.
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About Darling Ingredients
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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