DekaBank Deutsche Girozentrale Buys New Stake in Darling Ingredients Inc. (NYSE:DAR)

Samuel Edwards

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DekaBank Deutsche Girozentrale bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 119,300 shares of the company’s stock, valued at approximately $4,169,000. DekaBank Deutsche Girozentrale owned approximately 0.07% of Darling Ingredients at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Darling Ingredients by 34.3% in the 2nd quarter. AQR Capital Management LLC now owns 107,788 shares of the company’s stock worth $2,563,000 after buying an additional 27,558 shares in the last quarter. Prudential PLC grew its position in shares of Darling Ingredients by 7.6% during the 2nd quarter. Prudential PLC now owns 17,461 shares of the company’s stock valued at $430,000 after buying an additional 1,228 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Darling Ingredients by 9.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,400 shares of the company’s stock valued at $453,000 after buying an additional 1,600 shares during the last quarter. Profund Advisors LLC bought a new stake in shares of Darling Ingredients during the 2nd quarter valued at about $249,000. Finally, Bank of Montreal Can grew its position in Darling Ingredients by 33.3% in the 2nd quarter. Bank of Montreal Can now owns 87,188 shares of the company’s stock worth $2,026,000 after purchasing an additional 21,767 shares during the last quarter.

Several research analysts have commented on DAR shares. Berenberg Bank started coverage on shares of Darling Ingredients in a research report on Thursday, July 16th. They issued a “buy” rating and a $33.00 target price for the company. ValuEngine cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, October 23rd. Wolfe Research started coverage on shares of Darling Ingredients in a research note on Wednesday, October 21st. They issued an “outperform” rating for the company. Finally, Credit Suisse Group started coverage on shares of Darling Ingredients in a research note on Monday, September 28th. They issued an “outperform” rating and a $50.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.70.

Shares of NYSE:DAR opened at $43.72 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.54. The company has a market cap of $7.08 billion, a PE ratio of 17.56 and a beta of 1.26. Darling Ingredients Inc. has a 52 week low of $10.25 and a 52 week high of $48.35. The firm has a 50 day simple moving average of $39.89 and a 200 day simple moving average of $29.53.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Saturday, November 7th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.17. The business had revenue of $850.57 million during the quarter, compared to the consensus estimate of $852.39 million. Darling Ingredients had a net margin of 12.32% and a return on equity of 12.89%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities analysts predict that Darling Ingredients Inc. will post 1.74 earnings per share for the current year.

In other Darling Ingredients news, CEO Randall C. Stuewe sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $32.99, for a total value of $1,319,600.00. Following the transaction, the chief executive officer now owns 918,740 shares in the company, valued at approximately $30,309,232.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Brenda Snell sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $33.00, for a total transaction of $330,000.00. Following the completion of the transaction, the chief accounting officer now owns 32,695 shares in the company, valued at approximately $1,078,935. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,500 shares of company stock valued at $4,173,000. 2.96% of the stock is owned by insiders.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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