Darling Ingredients Inc (DAR) Stake Lessened by Alpha Windward LLC

Alpha Windward LLC lessened its stake in Darling Ingredients Inc (NYSE:DAR) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,205 shares of the company’s stock after selling 1,980 shares during the quarter. Alpha Windward LLC’s holdings in Darling Ingredients were worth $481,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Enlightenment Research LLC acquired a new stake in Darling Ingredients during the fourth quarter worth about $31,000. Phocas Financial Corp. acquired a new stake in Darling Ingredients during the fourth quarter worth about $35,000. Bronfman E.L. Rothschild L.P. raised its stake in Darling Ingredients by 455.0% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,564 shares of the company’s stock worth $49,000 after acquiring an additional 2,102 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in Darling Ingredients during the fourth quarter worth about $63,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Darling Ingredients during the fourth quarter worth about $130,000. Institutional investors and hedge funds own 99.04% of the company’s stock.

In other Darling Ingredients news, Chairman Randall C. Stuewe sold 21,060 shares of the company’s 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 in the company, valued at approximately $17,577,758. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Randall C. Stuewe sold 68,940 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was 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 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. 2.63% of the stock is currently owned by corporate insiders.

DAR opened at $22.06 on Wednesday. The stock has a market cap of $3.65 billion, a P/E ratio of 24.79 and a beta of 1.18. Darling Ingredients Inc has a fifty-two week low of $16.36 and a fifty-two week high of $22.62. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Darling Ingredients had a net margin of 3.00% and a return on equity of 6.35%. The firm had revenue of $853.13 million for the quarter, compared to analyst estimates of $889.24 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. Darling Ingredients’s quarterly revenue was down 10.4% on a year-over-year basis. Sell-side analysts predict that Darling Ingredients Inc will post 0.96 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.

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Darling Ingredients 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: Ex-Dividend

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

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