14,422 Shares in Darling Ingredients Inc. (DAR) Purchased by Pacad Investment Ltd.
Pacad Investment Ltd. bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,422 shares of the company’s stock, valued at approximately $227,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Neuburgh Advisers LLC increased its position in Darling Ingredients by 4.9% in the 1st quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after acquiring an additional 440 shares during the period. Victory Capital Management Inc. acquired a new position in Darling Ingredients in the 1st quarter valued at about $146,000. Miles Capital Inc. increased its position in Darling Ingredients by 0.3% in the 1st quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after acquiring an additional 28 shares during the period. World Asset Management Inc increased its position in Darling Ingredients by 0.9% in the 1st quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after acquiring an additional 94 shares during the period. Finally, Delta Capital Management LLC acquired a new position in Darling Ingredients in the 2nd quarter valued at about $157,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
DAR has been the topic of several recent research reports. BMO Capital Markets restated a “buy” rating and issued a $19.00 price target on shares of Darling Ingredients in a research report on Tuesday, May 16th. Zacks Investment Research cut Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, May 22nd. BidaskClub upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Robert W. Baird restated an “outperform” rating and issued a $20.00 price target (up previously from $19.00) on shares of Darling Ingredients in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the company a “buy” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Darling Ingredients presently has a consensus rating of “Buy” and a consensus target price of $18.17.
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Shares of Darling Ingredients Inc. (NYSE:DAR) opened at 17.77 on Wednesday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 34.91 and a beta of 1.60. Darling Ingredients Inc. has a one year low of $11.51 and a one year high of $18.00. The firm has a 50-day moving average price of $16.81 and a 200-day moving average price of $15.63.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The company had revenue of $896.30 million for the quarter, compared to analyst estimates of $890.91 million. During the same quarter in the prior year, the business earned $0.19 EPS. Darling Ingredients’s revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Darling Ingredients Inc. will post $0.44 earnings per share for the current fiscal year.
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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