Trillium Asset Management LLC Maintains Stake in Darling Ingredients Inc. (DAR)
Trillium Asset Management LLC maintained its position in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent filing with the SEC. The firm owned 200,000 shares of the company’s stock at the end of the second quarter. Trillium Asset Management LLC’s holdings in Darling Ingredients were worth $3,148,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Darling Ingredients by 7,798.7% in the first quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after buying an additional 20,179,041 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Darling Ingredients during the first quarter valued at $14,819,000. Vanguard Group Inc. boosted its stake in shares of Darling Ingredients by 6.3% in the first quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock valued at $223,870,000 after buying an additional 910,712 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Darling Ingredients by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 12,770,238 shares of the company’s stock valued at $185,423,000 after buying an additional 802,072 shares during the period. Finally, Vivaldi Capital Management LLC purchased a new stake in shares of Darling Ingredients during the first quarter valued at $11,309,352,000. 94.46% of the stock is owned by institutional investors and hedge funds.
Shares of Darling Ingredients Inc. (NYSE DAR) opened at 16.87 on Wednesday. Darling Ingredients Inc. has a one year low of $11.51 and a one year high of $16.99. The company has a 50-day moving average of $16.32 and a 200 day moving average of $15.02. The firm has a market cap of $2.78 billion, a PE ratio of 33.14 and a beta of 1.61.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.05. The company had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. On average, equities research analysts expect that Darling Ingredients Inc. will post $0.49 EPS for the current fiscal year.
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Several analysts recently weighed in on DAR shares. TheStreet raised shares of Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a report on Monday, May 8th. Zacks Investment Research cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, May 12th. BidaskClub raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $19.00 target price on shares of Darling Ingredients in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.17.
In related news, CFO Patrick C. Lynch purchased 18,337 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was purchased at an average price of $16.39 per share, for a total transaction of $300,543.43. Following the acquisition, the chief financial officer now directly owns 147,295 shares in the company, valued at $2,414,165.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patrick C. Lynch purchased 18,820 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was bought at an average price of $15.93 per share, with a total value of $299,802.60. Following the acquisition, the chief financial officer now owns 128,958 shares in the company, valued at $2,054,300.94. The disclosure for this purchase can be found here. 1.95% of the stock is owned by corporate insiders.
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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