Chase Investment Counsel Corp acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,419 shares of the company’s stock, valued at approximately $2,766,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. Morgan Stanley increased its holdings in Darling Ingredients by 1.1% during the 3rd quarter. Morgan Stanley now owns 271,847 shares of the company’s stock worth $19,545,000 after purchasing an additional 2,983 shares during the period. Tudor Investment Corp Et Al increased its holdings in Darling Ingredients by 2.5% during the 3rd quarter. Tudor Investment Corp Et Al now owns 54,642 shares of the company’s stock worth $3,929,000 after purchasing an additional 1,319 shares during the period. Janus Henderson Group PLC purchased a new position in Darling Ingredients during the 3rd quarter worth $1,176,000. Captrust Financial Advisors increased its holdings in shares of Darling Ingredients by 44.3% in the 3rd quarter. Captrust Financial Advisors now owns 6,139 shares of the company’s stock valued at $441,000 after acquiring an additional 1,884 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Darling Ingredients by 114.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 625,237 shares of the company’s stock valued at $44,955,000 after acquiring an additional 333,600 shares during the period. Institutional investors own 92.17% of the company’s stock.
A number of research analysts have recently issued reports on DAR shares. Stephens lifted their price target on Darling Ingredients from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Cowen started coverage on Darling Ingredients in a report on Monday, April 25th. They issued a “market perform” rating and a $80.00 price target on the stock. Credit Suisse Group lifted their price target on Darling Ingredients from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, March 14th. Roth Capital reiterated a “buy” rating on shares of Darling Ingredients in a report on Monday, March 14th. Finally, Cowen began coverage on Darling Ingredients in a research report on Monday, April 25th. They issued a “market perform” rating and a $80.00 price objective for the company. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.78.
Darling Ingredients (NYSE:DAR – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Darling Ingredients had a return on equity of 20.76% and a net margin of 13.58%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. As a group, equities analysts forecast that Darling Ingredients Inc. will post 5.42 earnings per share for the current fiscal year.
In other news, EVP John Bullock sold 12,374 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $82.70, for a total value of $1,023,329.80. Following the completion of the transaction, the executive vice president now owns 109,496 shares of the company’s stock, valued at approximately $9,055,319.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brad Phillips sold 25,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $79.00, for a total value of $1,975,000.00. Following the completion of the transaction, the chief financial officer now directly owns 100,920 shares of the company’s stock, valued at approximately $7,972,680. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,333 shares of company stock valued at $5,347,539. 2.62% of the stock is currently owned by insiders.
Darling Ingredients Profile (Get Rating)
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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