State of Tennessee Treasury Department Has $2.55 Million Holdings in Darling Ingredients Inc. (DAR)
State of Tennessee Treasury Department decreased its stake in Darling Ingredients Inc. (NYSE:DAR) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,778 shares of the company’s stock after selling 9,214 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.09% of Darling Ingredients worth $2,554,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Harrington Investments INC purchased a new stake in Darling Ingredients in the third quarter worth about $185,000. BNP Paribas Arbitrage SA increased its position in Darling Ingredients by 50.1% in the second quarter. BNP Paribas Arbitrage SA now owns 64,534 shares of the company’s stock worth $1,016,000 after buying an additional 21,528 shares in the last quarter. NFC Investments LLC increased its position in Darling Ingredients by 3.2% in the second quarter. NFC Investments LLC now owns 562,220 shares of the company’s stock worth $8,849,000 after buying an additional 17,315 shares in the last quarter. Teacher Retirement System of Texas increased its position in Darling Ingredients by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 13,214 shares of the company’s stock worth $208,000 after buying an additional 663 shares in the last quarter. Finally, World Asset Management Inc increased its position in Darling Ingredients by 2.3% in the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.
A number of analysts have commented on the company. BidaskClub cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the stock a “buy” rating in a research report on Monday, August 14th. Robert W. Baird restated a “buy” rating and issued a $20.00 price target on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Darling Ingredients currently has an average rating of “Buy” and a consensus target price of $19.33.
Shares of Darling Ingredients Inc. (NYSE DAR) opened at $16.37 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. Darling Ingredients Inc. has a 1 year low of $11.51 and a 1 year high of $18.65. The stock has a market capitalization of $2,695.84, a PE ratio of 41.97 and a beta of 1.54.
Darling Ingredients (NYSE:DAR) last released its earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The business had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts forecast that Darling Ingredients Inc. will post 0.24 EPS for the current fiscal year.
Darling Ingredients Company Profile
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.
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.