Flinton Capital Management LLC Buys 4,250 Shares of Darling Ingredients Inc. (DAR)
Flinton Capital Management LLC boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 29.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Flinton Capital Management LLC’s holdings in Darling Ingredients were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Darling Ingredients by 7,798.7% during the 1st quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock worth $296,758,000 after acquiring an additional 20,179,041 shares during the period. Vanguard Group Inc. lifted its position in Darling Ingredients by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock worth $223,870,000 after acquiring an additional 910,712 shares during the period. Dimensional Fund Advisors LP lifted its position in Darling Ingredients by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,906,079 shares of the company’s stock worth $218,881,000 after acquiring an additional 1,135,841 shares during the period. FMR LLC lifted its position in Darling Ingredients by 36.4% during the 2nd quarter. FMR LLC now owns 11,212,815 shares of the company’s stock worth $176,490,000 after acquiring an additional 2,990,750 shares during the period. Finally, State Street Corp lifted its position in Darling Ingredients by 5.5% during the 1st quarter. State Street Corp now owns 4,139,438 shares of the company’s stock worth $60,110,000 after acquiring an additional 214,226 shares during the period. 95.54% of the stock is owned by institutional investors.
Shares of Darling Ingredients Inc. (NYSE DAR) opened at 16.93 on Friday. Darling Ingredients Inc. has a 12-month low of $11.51 and a 12-month high of $18.65. The stock has a 50 day moving average price of $17.60 and a 200 day moving average price of $16.19. The firm has a market capitalization of $2.79 billion, a PE ratio of 33.26 and a beta of 1.57.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The business had revenue of $896.30 million for the quarter, compared to analyst estimates of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Analysts predict that Darling Ingredients Inc. will post $0.40 EPS for the current fiscal year.
A number of research firms have weighed in on DAR. Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, September 25th. Finally, J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the company a “buy” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.50.
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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