Darling Ingredients Inc (DAR) Holdings Cut by Texas Permanent School Fund

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Texas Permanent School Fund lessened its holdings in Darling Ingredients Inc (NYSE:DAR) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,602 shares of the company’s stock after selling 2,667 shares during the quarter. Texas Permanent School Fund owned 0.06% of Darling Ingredients worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in Darling Ingredients by 7.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,372,734 shares of the company’s stock valued at $27,290,000 after purchasing an additional 97,481 shares during the period. Wells Fargo & Company MN grew its stake in Darling Ingredients by 0.7% in the 2nd quarter. Wells Fargo & Company MN now owns 816,374 shares of the company’s stock valued at $16,230,000 after purchasing an additional 5,767 shares during the period. First Trust Advisors LP grew its stake in Darling Ingredients by 8.8% in the 2nd quarter. First Trust Advisors LP now owns 171,797 shares of the company’s stock valued at $3,415,000 after purchasing an additional 13,911 shares during the period. CFO4Life Group LLC grew its stake in Darling Ingredients by 2.2% in the 2nd quarter. CFO4Life Group LLC now owns 270,825 shares of the company’s stock valued at $5,384,000 after purchasing an additional 5,706 shares during the period. Finally, Hilltop Holdings Inc. grew its stake in Darling Ingredients by 8.3% in the 2nd quarter. Hilltop Holdings Inc. now owns 37,189 shares of the company’s stock valued at $739,000 after purchasing an additional 2,842 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Shares of NYSE DAR opened at $20.67 on Wednesday. Darling Ingredients Inc has a one year low of $15.80 and a one year high of $21.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.90. The firm has a market cap of $3.45 billion, a PE ratio of 86.13 and a beta of 1.07.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The firm had revenue of $846.65 million for the quarter, compared to analysts’ expectations of $868.36 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts expect that Darling Ingredients Inc will post 0.99 EPS for the current fiscal year.

A number of brokerages have issued reports on DAR. Zacks Investment Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 31st. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, BMO Capital Markets upped their price objective on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.25.

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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.

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

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