Gates Capital Management buys $149,965,553 stake in Darling Ingredients Inc (DAR)

Darling Ingredients Inc (DAR) : Gates Capital Management scooped up 1,234,941 additional shares in Darling Ingredients Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 11,100,337 shares of Darling Ingredients Inc which is valued at $149,965,553.Darling Ingredients Inc makes up approximately 7.90% of Gates Capital Management’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp boosted its stake in DAR in the latest quarter, The investment management firm added 1,562 additional shares and now holds a total of 70,365 shares of Darling Ingredients Inc which is valued at $950,631. Darling Ingredients Inc makes up approx 0.01% of Van Eck Associates Corp’s portfolio.Tfs Capital boosted its stake in DAR in the latest quarter, The investment management firm added 23,625 additional shares and now holds a total of 133,066 shares of Darling Ingredients Inc which is valued at $1,808,367. Darling Ingredients Inc makes up approx 0.44% of Tfs Capital’s portfolio.Wedbush Securities Inc reduced its stake in DAR by selling 968 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 20,074 shares of DAR which is valued at $267,787. Darling Ingredients Inc makes up approx 0.04% of Wedbush Securities Inc’s portfolio.Aperio Group boosted its stake in DAR in the latest quarter, The investment management firm added 5,745 additional shares and now holds a total of 96,414 shares of Darling Ingredients Inc which is valued at $1,284,234. Darling Ingredients Inc makes up approx 0.01% of Aperio Group’s portfolio.

Darling Ingredients Inc opened for trading at $13.43 and hit $13.7 on the upside on Monday, eventually ending the session at $13.66, with a gain of 2.09% or 0.28 points. The heightened volatility saw the trading volume jump to 11,61,720 shares. Company has a market cap of $2,248 M.

On the company’s financial health, Darling Ingredients Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $0.16. The company had revenue of $853.90 million for the quarter, compared to analysts expectations of $852.07 million. During the same quarter in the previous year, the company posted $-0.02 EPS.

Darling Ingredients Inc. formerly Darling International Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food pet food pharmaceutical feed fuel bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients which includes the edible and inedible animal by-products bakery and hides business lines; Food Ingredients which includes the gelatin casings and edible fats business lines and Fuel Ingredients which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients such as gelatin tallow feed-grade fats meat and bone meal poultry meal yellow grease fuel feed stocks green energy natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Darling Ingredients Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Darling Ingredients Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.