LP Has $8.21 Million Position in Darling Ingredients Inc. (DAR)

Pierre Vaugeois
Juillet 18, 2017

(NYSE:DAR) by 72.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The share price of DAR has risen by over 35.09% in the last six months. United Capital Financial Advisers LLC's holdings in Darling Ingredients were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UBS Group AG boosted its position in Darling Ingredients by 190.0% in the first quarter.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, May 11th. Finally, State Street Corp raised its stake in Darling Ingredients by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 233,507 shares of the company's stock valued at $3,016,000 after buying an additional 19,303 shares during the period. AQR Capital Management LLC now owns 925,982 shares of the company's stock worth $11,954,000 after buying an additional 102,810 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Darling Ingredients by 2.4% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company's stock valued at $147,000 after buying an additional 28 shares in the last quarter. Stephens Inc. AR now owns 14,859 shares of the company's stock valued at $216,000 after buying an additional 300 shares during the last quarter.

Darling Ingredients Inc. has a 52 week low of $11.51 and a 52 week high of $16.61.

Darling Ingredients (DAR) traded down 0.60% on Monday, reaching $16.53. The stock increased 1.30% or $0.21 during the last trading session, reaching $16.4. DAR's distance from 20 day simple moving average is 4.69% and distance from 50-Day simple moving average is 5.31%. The company has a market cap of $2.74 billion, a P/E ratio of 25.62 and a beta of 1.61.

Darling Ingredients Inc. (DAR) have shown a high EPS growth of -15.80% in the last 5 years and has earnings rose of 30.20% yoy. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by $0.03. The company had revenue of $880.10 million for the quarter, compared to the consensus estimate of $842.52 million.

For a total return analysis, there is the 3.70% return on equity and the 5.40% return on assets to consider. Also Prnewswire.com published the news titled: "Stocks Under Scanner in the Waste Management Space - Darling Ingredients ..." on July 12, 2017. During the same period in the prior year, the firm earned $0.01 earnings per share. Equities analysts anticipate that Darling Ingredients Inc. will post $0.52 EPS for the current year.

DAR has been the subject of several analyst reports. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of US & global copyright law. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/17/wells-fargo-company-mn-has-2-95-million-position-in-darling-ingredients-inc-dar-updated-updated-updated-updated.html.

Analyst's ratings play a very important role in outlining a stock's performance. Robert W. Baird initiated Darling Ingredients Inc (NYSE:DAR) rating on Thursday, March 23. BMO Capital Markets maintained the shares of DAR in report on Monday, June 26 with "Buy" rating. Zacks Investment Research lowered shares of Darling Ingredients from a "buy" rating to a "hold" rating in a research note on Friday, May 12th. BidaskClub raised Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets reissued a "buy" rating and issued a $19.00 price objective on shares of Darling Ingredients in a research report on Tuesday, May 16th. The stock of Darling Ingredients Inc (NYSE:DAR) earned "Buy" rating by Goldman Sachs on Wednesday, June 29. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. SELL rating has been given by 0 analyst (s) and 1 analyst (s) given BUY rating to the stock.

In other news, CFO Patrick C. Lynch acquired 19,710 shares of Darling Ingredients stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $15.93 per share, with a total value of $299,802.60. Following the completion of the purchase, the chief financial officer now owns 110,138 shares in the company, valued at $1,674,097.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares were acquired at an average cost of $15.20 per share, for a total transaction of $299,592.00. Following the completion of the acquisition, the chief financial officer now owns 128,958 shares in the company, valued at approximately $2,054,300.94. The disclosure for this purchase can be found here. The institutional investor held 41,874 shares of the packaged foods company at the end of 2016Q4, valued at $541,000, down from 71,634 at the end of the previous reported quarter. (DAR) stock price has gone up by 2.59% over the last 20 trading days, and its price is 0.12% above the 52-week high.

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