Menta Capital LLC increased its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,918 shares of the company’s stock after buying an additional 4,396 shares during the period. Menta Capital LLC’s holdings in Darling Ingredients were worth $422,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in DAR. Bank of New York Mellon Corp increased its stake in Darling Ingredients by 62.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,937,915 shares of the company’s stock worth $95,006,000 after buying an additional 1,897,277 shares during the period. Point72 Asset Management L.P. increased its stake in Darling Ingredients by 83.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,680,143 shares of the company’s stock worth $51,780,000 after buying an additional 1,215,246 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Darling Ingredients during the 4th quarter worth approximately $63,000. Walthausen & Co. LLC purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $18,553,000. Finally, BlackRock Inc. increased its stake in Darling Ingredients by 3.5% during the 3rd quarter. BlackRock Inc. now owns 23,746,088 shares of the company’s stock worth $458,776,000 after buying an additional 802,763 shares during the period. 99.09% of the stock is currently owned by hedge funds and other institutional investors.
In other Darling Ingredients news, CEO Randall C. Stuewe sold 68,940 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $21.02, for a total value of $1,449,118.80. Following the sale, the chief executive officer now directly owns 780,680 shares of the company’s stock, valued at approximately $16,409,893.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Randall C. Stuewe sold 21,060 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total transaction of $463,320.00. Following the completion of the sale, the chairman now directly owns 798,989 shares in the company, valued at $17,577,758. The disclosure for this sale can be found here. Corporate insiders own 2.44% of the company’s stock.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). Darling Ingredients had a net margin of 3.00% and a return on equity of 6.35%. The firm had revenue of $853.13 million during the quarter, compared to analysts’ expectations of $889.24 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, research analysts forecast that Darling Ingredients Inc will post 0.97 earnings per share for the current year.
Several brokerages recently weighed in on DAR. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. raised shares of Darling Ingredients from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $21.00 to $25.00 in a research note on Monday, November 19th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.00.
Darling Ingredients Company 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 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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