Arizona State Retirement System Purchases 100 Shares of Darling Ingredients Inc. (DAR)
Arizona State Retirement System boosted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,909 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System owned 0.05% of Darling Ingredients worth $1,352,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Neuburgh Advisers LLC increased its position in shares of Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock worth $136,000 after buying an additional 440 shares during the period. Victory Capital Management Inc. bought a new position in shares of Darling Ingredients during the first quarter worth about $146,000. Miles Capital Inc. increased its position in shares of Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after buying an additional 28 shares during the period. World Asset Management Inc increased its position in shares of Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock worth $152,000 after buying an additional 94 shares during the period. Finally, Delta Capital Management LLC bought a new position in shares of Darling Ingredients during the second quarter worth about $157,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Darling Ingredients Inc. (NYSE:DAR) opened at 17.58 on Friday. Darling Ingredients Inc. has a one year low of $11.51 and a one year high of $17.70. The firm has a 50-day moving average price of $16.45 and a 200-day moving average price of $15.23. The company has a market capitalization of $2.89 billion, a P/E ratio of 34.54 and a beta of 1.61.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.05. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $890.91 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that Darling Ingredients Inc. will post $0.44 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. Robert W. Baird restated an “outperform” rating and set a $20.00 price objective on shares of Darling Ingredients in a research report on Wednesday. J P Morgan Chase & Co set a $19.00 price objective on Darling Ingredients and gave the stock a “buy” rating in a research report on Monday, August 14th. BidaskClub downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, BMO Capital Markets restated a “buy” rating and set a $19.00 price objective on shares of Darling Ingredients in a research report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $18.17.
About Darling Ingredients
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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