Alaska State Department of Revenue Reduces Darling Ingredients Inc. Stock Position (NYSE:DAR)


The Alaska State Department of Revenue reduced its holdings of Darling Ingredients Inc. (NYSE: DAR – Get Rating) stock by 2.8% in the first quarter, according to its latest SEC disclosure. . The fund held 22,765 shares of the company after selling 655 shares during the period. The Alaska State Department of Revenue’s holdings of Darling Ingredients were worth $1,829,000 at the end of the last quarter.

Several other hedge funds also changed their DAR holdings. Morgan Stanley increased its holdings of Darling Ingredients shares by 1.1% during the third quarter. Morgan Stanley now owns 271,847 shares of the company worth $19,545,000 after buying 2,983 additional shares during the period. Tudor Investment Corp Et Al increased its stake in Darling Ingredients by 2.5% in the third quarter. Tudor Investment Corp Et Al now owns 54,642 shares of the company valued at $3,929,000 after buying an additional 1,319 shares last quarter. Janus Henderson Group PLC acquired a new stake in Darling Ingredients in Q3, valued at $1,176,000. Captrust Financial Advisors increased its stake in Darling Ingredients by 44.3% in the third quarter. Captrust Financial Advisors now owns 6,139 shares of the company valued at $441,000 after buying an additional 1,884 shares last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Darling Ingredients shares by 114.4% in the third quarter. UBS Asset Management Americas Inc. now owns 625,237 shares of the company valued at $44,955,000 after purchasing an additional 333,600 shares in the last quarter. Institutional investors and hedge funds hold 92.17% of the company’s shares.

Separately, director Charles L. Adair purchased 500 shares of the company in a transaction that took place on Tuesday, May 24. The shares were purchased at an average price of $73.95 per share, for a total transaction of $36,975.00. Following the purchase, the administrator now directly owns 36,051 shares of the company, valued at approximately $2,665,971.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Executive Vice Chairman John Bullock sold 12,374 shares of the company in a trade that took place on Thursday, June 2. The stock was sold at an average price of $82.70, for a total value of $1,023,329.80. Following the transaction, the executive vice president now owns 109,496 shares of the company, valued at approximately $9,055,319.20. The disclosure of this sale can be found here. Insiders sold a total of 67,333 shares of the company worth $5,347,539 in the past 90 days. 2.62% of the shares are currently held by insiders of the company.

DAR opened at $62.62 on Friday. Darling Ingredients Inc. has a one-year low of $58.92 and a one-year high of $87.59. The company has a market capitalization of $10.11 billion, a P/E ratio of 15.16 and a beta of 1.11. The company has a debt ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.55. The company’s 50-day simple moving average is $74.65 and its 200-day simple moving average is $72.03.

Darling Ingredients (NYSE:DAR – Get Rating) last released quarterly earnings data on Tuesday, May 10. The company reported EPS of $1.16 for the quarter, beating consensus analyst estimates of $1.14 by $0.02. Darling Ingredients had a return on equity of 20.76% and a net margin of 13.58%. The company posted revenue of $1.37 billion for the quarter, versus a consensus estimate of $1.29 billion. In the same quarter a year earlier, the company posted EPS of $0.90. The company’s revenue for the quarter increased 30.5% year over year. As a group, analysts expect Darling Ingredients Inc. to post earnings per share of 5.42 for the current fiscal year.

Several equity analysts have recently released reports on DAR stocks. Credit Suisse Group raised its price target on Darling Ingredients from $100.00 to $115.00 and gave the stock an “outperform” rating in a Monday, March 14 research note. StockNews.com downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a Tuesday, April 19 research report. Cowen began covering Darling Ingredients in a research report on Monday, April 25. They issued a “market performance” rating and $80.00 price target on the stock. Stephens raised its price target on Darling Ingredients from $85.00 to $95.00 and gave the company an “overweight” rating in a Wednesday, April 20 research report. Finally, Cowen began covering Darling Ingredients in a research report on Monday, April 25. They issued a “market performance” rating and $80.00 price target on the stock. Three analysts gave the stock a hold rating, seven gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.78.

About Cherished Ingredients (Get an assessment)

Darling Ingredients Inc develops, produces and sells natural ingredients from edible and non-edible bionutrients. The Company operates through three segments: Food Ingredients, Food Ingredients and Fuel Ingredients. It offers ingredients and custom specialty solutions for customers in the pharmaceutical, food, pet food, animal feed, industrial, fuels, bioenergy and fertilizer industries.

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Institutional ownership by quarter for Darling Ingredients (NYSE:DAR)



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