JPMorgan Chase & Co. lessened its position in shares of Darling Ingredients Inc (NYSE:DAR) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,746,944 shares of the company’s stock after selling 428,818 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.67% of Darling Ingredients worth $47,414,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Darling Ingredients by 1.9% in the second quarter. US Bancorp DE now owns 27,259 shares of the company’s stock valued at $429,000 after purchasing an additional 500 shares during the period. Strs Ohio grew its position in shares of Darling Ingredients by 21.0% in the second quarter. Strs Ohio now owns 12,100 shares of the company’s stock valued at $190,000 after purchasing an additional 2,100 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Darling Ingredients by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 57,770 shares of the company’s stock valued at $909,000 after purchasing an additional 3,620 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Darling Ingredients by 3.7% in the second quarter. Great West Life Assurance Co. Can now owns 237,113 shares of the company’s stock valued at $3,729,000 after purchasing an additional 8,499 shares during the period. Finally, World Asset Management Inc grew its position in shares of Darling Ingredients by 2.3% in the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock valued at $169,000 after purchasing an additional 237 shares during the period. Institutional investors own 98.06% of the company’s stock.
Darling Ingredients Inc (DAR) opened at $17.80 on Friday. The firm has a market cap of $2,930.00, a PE ratio of 45.64 and a beta of 1.52. Darling Ingredients Inc has a 52-week low of $11.51 and a 52-week high of $18.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Tuesday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The firm had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. During the same period last year, the firm earned $0.17 earnings per share. Darling Ingredients’s revenue for the quarter was up 9.8% on a year-over-year basis. analysts anticipate that Darling Ingredients Inc will post 0.24 EPS for the current fiscal year.
Several analysts have recently issued reports on the stock. J P Morgan Chase & Co set a $19.00 target price on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Monday, August 14th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 target price on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a research report on Monday, September 25th. Roth Capital set a $20.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Darling Ingredients currently has a consensus rating of “Buy” and an average target price of $19.33.
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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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