Darling Ingredients Inc (DAR) Shares Bought by Alambic Investment Management L.P.

Alambic Investment Management L.P. boosted its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 11.9% during the fourth quarter, HoldingsChannel reports. The firm owned 124,808 shares of the company’s stock after acquiring an additional 13,312 shares during the period. Alambic Investment Management L.P.’s holdings in Darling Ingredients were worth $2,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Amalgamated Bank grew its position in Darling Ingredients by 1.4% during the second quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock valued at $353,000 after purchasing an additional 304 shares in the last quarter. Shelton Capital Management grew its position in Darling Ingredients by 6.1% in the second quarter. Shelton Capital Management now owns 16,364 shares of the company’s stock worth $258,000 after acquiring an additional 943 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Darling Ingredients by 10.4% in the second quarter. Public Employees Retirement System of Ohio now owns 14,628 shares of the company’s stock worth $230,000 after acquiring an additional 1,376 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Darling Ingredients by 54.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock worth $144,000 after acquiring an additional 2,808 shares in the last quarter. Finally, Advisor Group Inc. grew its position in Darling Ingredients by 34.9% in the third quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock worth $209,000 after acquiring an additional 3,086 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Darling Ingredients Inc (NYSE DAR) opened at $18.52 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07. The company has a market cap of $3,049.91, a P/E ratio of 47.49 and a beta of 1.48. Darling Ingredients Inc has a 1 year low of $12.12 and a 1 year high of $19.50.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $937.70 million for the quarter, compared to the consensus estimate of $870.50 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. Darling Ingredients’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. sell-side analysts predict that Darling Ingredients Inc will post 0.22 EPS for the current fiscal year.

Several research firms have commented on DAR. Canaccord Genuity boosted their target price on shares of Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “sell” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Darling Ingredients presently has an average rating of “Buy” and a consensus target price of $19.33.

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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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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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