Kendall Capital Management Takes Position in Darling Ingredients Inc (DAR)
Kendall Capital Management bought a new position in Darling Ingredients Inc (NYSE:DAR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,900 shares of the company’s stock, valued at approximately $995,000.
A number of other hedge funds have also modified their holdings of DAR. Public Employees Retirement System of Ohio increased its holdings in Darling Ingredients by 10.4% in the second quarter. Public Employees Retirement System of Ohio now owns 14,628 shares of the company’s stock worth $230,000 after purchasing an additional 1,376 shares in the last quarter. Strs Ohio increased its holdings in Darling Ingredients by 29.8% in the third quarter. Strs Ohio now owns 15,700 shares of the company’s stock worth $275,000 after purchasing an additional 3,600 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Darling Ingredients by 3.9% in the third quarter. Nationwide Fund Advisors now owns 246,353 shares of the company’s stock worth $4,316,000 after purchasing an additional 9,240 shares in the last quarter. Aperio Group LLC increased its holdings in Darling Ingredients by 2.8% in the third quarter. Aperio Group LLC now owns 172,085 shares of the company’s stock worth $3,015,000 after purchasing an additional 4,623 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Darling Ingredients in the third quarter worth approximately $791,000. Institutional investors and hedge funds own 98.91% of the company’s stock.
A number of equities research analysts have weighed in on the company. BMO Capital Markets downgraded Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a report on Wednesday. Goldman Sachs Group reiterated a “neutral” rating on shares of Darling Ingredients in a report on Thursday, March 1st. Finally, TheStreet downgraded Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.57.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $952.55 million during the quarter, compared to the consensus estimate of $896.87 million. Darling Ingredients had a return on equity of 1.82% and a net margin of 3.50%. sell-side analysts expect that Darling Ingredients Inc will post 1 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.thecerbatgem.com/2018/03/11/kendall-capital-management-takes-position-in-darling-ingredients-inc-dar.html.
Darling Ingredients Company 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.
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.