NFC Investments LLC grew its holdings in Darling Ingredients Inc. (NYSE:DAR) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 562,220 shares of the company’s stock after buying an additional 17,315 shares during the quarter. Darling Ingredients accounts for 3.1% of NFC Investments LLC’s investment portfolio, making the stock its 14th largest position. NFC Investments LLC owned about 0.34% of Darling Ingredients worth $8,849,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of DAR. Victory Capital Management Inc. purchased a new stake in shares of Darling Ingredients during the first quarter worth approximately $146,000. Miles Capital Inc. increased its position in shares of Darling Ingredients by 0.3% during the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after purchasing an additional 28 shares in the last quarter. World Asset Management Inc increased its position in shares of Darling Ingredients by 0.9% during the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock worth $152,000 after purchasing an additional 94 shares in the last quarter. Delta Capital Management LLC purchased a new stake in shares of Darling Ingredients during the second quarter worth approximately $157,000. Finally, Malaga Cove Capital LLC purchased a new stake in shares of Darling Ingredients during the second quarter worth approximately $167,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.
Darling Ingredients Inc. (DAR) traded down 8.44% on Friday, hitting $16.38. The stock had a trading volume of 3,944,671 shares. The firm has a market cap of $2.70 billion, a PE ratio of 32.18 and a beta of 1.57. Darling Ingredients Inc. has a 12-month low of $11.51 and a 12-month high of $18.65. The company’s 50 day moving average is $17.53 and its 200 day moving average is $16.12.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 2.39% and a return on equity of 3.99%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. On average, equities research analysts expect that Darling Ingredients Inc. will post $0.41 EPS for the current fiscal year.
Several analysts have issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Darling Ingredients in a research note on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. BidaskClub raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research note on Monday, September 25th. Finally, Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $18.40.
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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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