Darling Ingredients Inc (DAR) : Marathon Partners Equity Management reduced its stake in Darling Ingredients Inc by 5.45% during the most recent quarter end. The investment management company now holds a total of 1,040,000 shares of Darling Ingredients Inc which is valued at $15,423,200 after selling 60,000 shares in Darling Ingredients Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Darling Ingredients Inc makes up approximately 6.13% of Marathon Partners Equity Management’s portfolio.
Other Hedge Funds, Including , Veritable reduced its stake in DAR by selling 730 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 15,719 shares of DAR which is valued at $233,113. Darling Ingredients Inc makes up approx 0.01% of Veritable’s portfolio. Dean Capital Management sold out all of its stake in DAR during the most recent quarter. The investment firm sold 127,574 shares of DAR which is valued $1,891,922. Seven Eight Capital added DAR to its portfolio by purchasing 24,800 company shares during the most recent quarter which is valued at $367,784. Darling Ingredients Inc makes up approx 0.12% of Seven Eight Capital’s portfolio.Blackrock Fund Advisors boosted its stake in DAR in the latest quarter, The investment management firm added 370,913 additional shares and now holds a total of 10,900,258 shares of Darling Ingredients Inc which is valued at $161,650,826. Darling Ingredients Inc makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Bb&t Securities reduced its stake in DAR by selling 16,243 shares or 9.07% in the most recent quarter. The Hedge Fund company now holds 162,780 shares of DAR which is valued at $2,428,678. Darling Ingredients Inc makes up approx 0.04% of Bb&t Securities’s portfolio.
Darling Ingredients Inc closed down -0.03 points or -0.21% at $14.05 with 13,36,032 shares getting traded on Thursday. Post opening the session at $14.05, the shares hit an intraday low of $13.77 and an intraday high of $14.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Darling Ingredients Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.17. The company had revenue of $877.34 million for the quarter, compared to analysts expectations of $875.85 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Darling Ingredients Inc. Darling Ingredients Inc was Upgraded by Goldman to ” Buy” on Jun 29, 2016. Company shares were Upgraded by JP Morgan on May 26, 2016 to ” Overweight”, Firm has raised the Price Target to $ 18 from a previous price target of $14 .
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.