Today: Today, Darling Ingredients Inc. (DAR) Stake Increased by Quantitative Investment Management LLC

Today, Darling Ingredients Inc. (DAR) Stake Increased by Quantitative Investment Management LLC

Quantitative Investment Management LLC increased its position in Darling Ingredients Inc. (NYSE:DAR) by 272.3% during the third quarter, Holdings Channel reports. The fund owned 71,100 shares of the company’s stock after buying an additional 52,000 shares during the period. Quantitative Investment Management LLC’s holdings in Darling Ingredients were worth $960,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DAR. 1st Global Advisors Inc. boosted its stake in Darling Ingredients by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,717 shares of the company’s stock valued at $160,000 after buying an additional 57 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Darling Ingredients by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 72,900 shares of the company’s stock valued at $1,086,000 after buying an additional 200 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Darling Ingredients by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 6,900 shares of the company’s stock valued at $103,000 after buying an additional 600 shares in the last quarter. PineBridge Investments L.P. boosted its stake in Darling Ingredients by 4.0% in the second quarter. PineBridge Investments L.P. now owns 20,870 shares of the company’s stock valued at $311,000 after buying an additional 811 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in Darling Ingredients by 5.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 17,312 shares of the company’s stock valued at $258,000 after buying an additional 920 shares in the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Darling Ingredients Inc. (NYSE:DAR) traded up 0.14% on Friday, hitting $14.59. The company had a trading volume of 478,533 shares. Darling Ingredients Inc. has a 12-month low of $7.78 and a 12-month high of $15.93. The company has a market capitalization of $2.40 billion, a P/E ratio of 16.43 and a beta of 1.86. The firm has a 50-day moving average price of $13.56 and a 200 day moving average price of $14.31.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Darling Ingredients had a return on equity of 7.34% and a net margin of 4.40%. The business had revenue of $853.90 million for the quarter, compared to analyst estimates of $858.92 million. During the same quarter last year, the firm earned ($0.02) EPS. Darling Ingredients’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will post $0.56 EPS for the current year.

DAR has been the subject of several research reports. Canaccord Genuity set a $18.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research report on Thursday, September 15th. Roth Capital set a $16.50 price objective on Darling Ingredients and gave the company a “buy” rating in a research report on Monday, September 19th. TheStreet raised Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, October 17th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $18.00 price objective on shares of Darling Ingredients in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.94.

Darling Ingredients Company Profile

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.

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