NGAM Advisors LP Reduces Stake in Darling Ingredients Inc (DAR)

Xavier Trudeau
Août 12, 2017

Art Advsr has 0.05% invested in Darling Ingredients Inc (NYSE:DAR).

As of the end of the quarter Nationwide Fund Advisors had sold 1,102 shares trimming its stake by 0.5%. Bank of Montreal Can owned about 0.21% of Darling Ingredients worth $5,414,000 as of its most recent filing with the SEC.

Equity analyst Goldman Sachs raised the price target and upgraded the stock on June 29 changing the price objective from $17.00 to $18.00 and setting the rating at "Buy" which had previously been "Neutral". Metropolitan Life Insurance Co. Everence Capital Management Inc. purchased a new position in shares of Darling Ingredients during the first quarter worth $170,000. Dimensional Fund Advisors LP now owns 12,770,238 shares of the company's stock worth $185,423,000 after buying an additional 802,072 shares during the last quarter. World Asset Management Inc boosted its position in Darling Ingredients by 0.9% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company's stock worth $147,000 after buying an additional 28 shares during the period. State Street Corp boosted its stake in shares of Darling Ingredients by 5.5% in the first quarter. It is positive, as 22 investors sold DAR shares while 90 reduced holdings. Finally, Amalgamated Bank raised its position in Darling Ingredients by 1.4% in the second quarter.

The company is so far trading down by -0.56 percent from yesterday's close. 2,155,916 shares of the company's stock were exchanged. The stock has a market cap of $2.45 billion, a PE ratio of 31.55 and a beta of 1.61. Darling Ingredients has $19 highest and $11 lowest target.

The stock has a 50-day moving average of $16.27 and a 200-day moving average of $14.91.

Darling Ingredients Inc. closed its last trading session at $16.43 with the loss of -1.7%. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. During the same quarter in the previous year, the firm posted $0.19 EPS. Darling Ingredients's revenue was up 2.2% on a year-over-year basis. Analysts expect next quarter's EPS to be $0.26 with next year's EPS anticipated to be $0.75. If you are reading this news story on another website, it was copied illegally and republished in violation of USA and global trademark & copyright legislation. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of USA & global copyright and trademark legislation. Delta Capital Management LLC purchased a new position in Darling Ingredients during the second quarter worth about $157,000.

A number of analysts recently issued reports on the company. Robert W. Baird reissued an "outperform" rating and set a $20.00 target price (up from $19.00) on shares of Darling Ingredients in a research note on Friday. Zacks Investment Research downgraded shares of Darling Ingredients from a "buy" rating to a "hold" rating in a research note on Friday, May 12th. Canaccord Genuity restated a "buy" rating and issued a $18.00 price objective on shares of Darling Ingredients in a research report on Monday, May 15th. JP Morgan upgraded Darling Ingredients Inc (NYSE:DAR) on Thursday, May 26 to "Overweight" rating. Stonegate Mortgage Corporation had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has a consensus rating of "Buy" and a consensus target price of $17.67. The shares were bought at an average cost of $15.93 per share, for a total transaction of $299,802.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Patrick C. Lynch purchased 18,337 shares of the company's stock in a transaction that occurred on Tuesday, May 23rd. The shares were purchased at an average cost of $16.39 per share, for a total transaction of $300,543.43. Following the completion of the transaction, the chief financial officer now owns 147,295 shares of the company's stock, valued at approximately $2,414,165.05. The disclosure for this purchase can be found here. Following the completion of the acquisition, the chief financial officer now directly owns 110,138 shares of the company's stock, valued at approximately $1,674,097.60.

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