Municipal Employees Retirement System of Michigan Has $909,000 Position in Darling Ingredients Inc. (DAR)

Municipal Employees Retirement System of Michigan increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,770 shares of the company’s stock after buying an additional 3,620 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Darling Ingredients were worth $909,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Miles Capital Inc. raised its stake in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after buying an additional 28 shares during the period. World Asset Management Inc raised its stake in shares of Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after buying an additional 94 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Darling Ingredients by 2.1% in the first quarter. Stephens Inc. AR now owns 14,859 shares of the company’s stock valued at $216,000 after buying an additional 300 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Darling Ingredients by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock valued at $192,000 after buying an additional 335 shares during the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

Shares of Darling Ingredients Inc. (DAR) opened at 16.06 on Friday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 31.55 and a beta of 1.61. The company’s 50 day moving average price is $16.27 and its 200 day moving average price is $14.91. Darling Ingredients Inc. has a 12 month low of $11.51 and a 12 month high of $16.99.

Darling Ingredients (NYSE:DAR) last posted its earnings results 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 during the quarter, compared to the consensus estimate 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 for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. On average, equities analysts expect that Darling Ingredients Inc. will post $0.52 EPS for the current fiscal year.

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Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. BMO Capital Markets restated a “buy” rating and set a $19.00 target price on shares of Darling Ingredients in a research report on Tuesday, May 16th. Canaccord Genuity restated a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Monday, May 15th. Finally, TheStreet upgraded Darling Ingredients from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.83.

In other Darling Ingredients news, CFO Patrick C. Lynch bought 18,820 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average cost of $15.93 per share, with a total value of $299,802.60. Following the completion of the purchase, the chief financial officer now directly owns 128,958 shares of the company’s stock, valued at $2,054,300.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patrick C. Lynch bought 18,337 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average cost of $16.39 per share, for a total transaction of $300,543.43. Following the completion of the purchase, the chief financial officer now directly owns 147,295 shares of the company’s stock, valued at $2,414,165.05. The disclosure for this purchase can be found here. Insiders purchased 56,867 shares of company stock worth $899,938 over the last three months. 1.95% of the stock is owned by insiders.

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.

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

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