Darling Ingredients Inc (DAR) Stake Lessened by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 993,001 shares of the company’s stock after selling 75,097 shares during the quarter. William Blair Investment Management LLC owned about 0.60% of Darling Ingredients worth $19,185,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC bought a new stake in Darling Ingredients during the 3rd quarter valued at approximately $201,000. MAI Capital Management bought a new stake in Darling Ingredients during the 2nd quarter valued at approximately $242,000. Parametrica Management Ltd bought a new stake in Darling Ingredients during the 3rd quarter valued at approximately $290,000. Commonwealth Bank of Australia bought a new stake in Darling Ingredients during the 3rd quarter valued at approximately $307,000. Finally, Hsbc Holdings PLC bought a new stake in Darling Ingredients during the 3rd quarter valued at approximately $319,000. Institutional investors own 99.10% of the company’s stock.

Darling Ingredients stock opened at $21.87 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 91.13 and a beta of 1.13. Darling Ingredients Inc has a 12 month low of $16.26 and a 12 month high of $22.38.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.13). The firm had revenue of $812.58 million during the quarter, compared to analyst estimates of $859.52 million. Darling Ingredients had a net margin of 4.78% and a return on equity of 5.36%. The company’s revenue was down 13.2% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. As a group, analysts expect that Darling Ingredients Inc will post 0.92 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. BMO Capital Markets increased their target price on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. Finally, Zacks Investment Research downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.25.

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Darling Ingredients Company Profile

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.

See Also: No Load Funds

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

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