Earnest Partners LLC lifted its position in shares of Darling Ingredients Inc (NYSE:DAR) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,443,744 shares of the company’s stock after purchasing an additional 65,921 shares during the quarter. Darling Ingredients accounts for approximately 1.0% of Earnest Partners LLC’s investment portfolio, making the stock its 28th largest holding. Earnest Partners LLC’s holdings in Darling Ingredients were worth $108,276,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in DAR. Geode Capital Management LLC grew its holdings in shares of Darling Ingredients by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,724,485 shares of the company’s stock worth $33,179,000 after purchasing an additional 119,385 shares in the last quarter. Rhumbline Advisers boosted its stake in Darling Ingredients by 1.3% in the 1st quarter. Rhumbline Advisers now owns 492,573 shares of the company’s stock valued at $10,664,000 after buying an additional 6,084 shares in the last quarter. Comerica Bank boosted its stake in Darling Ingredients by 1.6% in the 1st quarter. Comerica Bank now owns 163,781 shares of the company’s stock valued at $3,575,000 after buying an additional 2,589 shares in the last quarter. Texas Permanent School Fund boosted its stake in Darling Ingredients by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 111,800 shares of the company’s stock valued at $2,420,000 after buying an additional 4,050 shares in the last quarter. Finally, Everence Capital Management Inc. boosted its stake in Darling Ingredients by 96.8% in the 1st quarter. Everence Capital Management Inc. now owns 23,090 shares of the company’s stock valued at $500,000 after buying an additional 11,360 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors.
Darling Ingredients stock opened at $20.52 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.92 and a current ratio of 1.53. The firm has a market cap of $3.34 billion, a P/E ratio of 23.06 and a beta of 1.19. The business’s fifty day moving average is $19.33 and its two-hundred day moving average is $20.30. Darling Ingredients Inc has a 52 week low of $17.99 and a 52 week high of $22.62.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $827.30 million during the quarter, compared to analyst estimates of $839.92 million. Darling Ingredients had a return on equity of 3.35% and a net margin of 2.37%. Darling Ingredients’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. On average, equities research analysts predict that Darling Ingredients Inc will post 0.68 earnings per share for the current year.
Several analysts recently commented on DAR shares. Zacks Investment Research lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. ValuEngine lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.
About Darling Ingredients
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 a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
See Also: FAANG Stocks
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.