Crossmark Global Holdings Inc. Purchases New Holdings in Darling Ingredients Inc. (DAR)

Crossmark Global Holdings Inc. purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,133 shares of the company’s stock, valued at approximately $791,000.

A number of other large investors have also recently made changes to their positions in DAR. Teachers Advisors LLC boosted its holdings in Darling Ingredients by 13.4% in the 1st quarter. Teachers Advisors LLC now owns 1,039,284 shares of the company’s stock valued at $15,090,000 after purchasing an additional 122,598 shares during the period. California Public Employees Retirement System boosted its holdings in Darling Ingredients by 4.4% in the 1st quarter. California Public Employees Retirement System now owns 243,400 shares of the company’s stock valued at $3,534,000 after purchasing an additional 10,200 shares during the period. UBS Group AG boosted its holdings in Darling Ingredients by 190.0% in the 1st quarter. UBS Group AG now owns 67,555 shares of the company’s stock valued at $981,000 after purchasing an additional 44,264 shares during the period. Bank of America Corp DE boosted its holdings in Darling Ingredients by 43.7% in the 1st quarter. Bank of America Corp DE now owns 371,574 shares of the company’s stock valued at $5,395,000 after purchasing an additional 113,044 shares during the period. Finally, State Street Corp boosted its holdings in Darling Ingredients by 5.5% in the 1st quarter. State Street Corp now owns 4,139,438 shares of the company’s stock valued at $60,110,000 after purchasing an additional 214,226 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.truebluetribune.com/2017/11/14/crossmark-global-holdings-inc-purchases-new-holdings-in-darling-ingredients-inc-dar.html.

Shares of Darling Ingredients Inc. (NYSE DAR) opened at $16.15 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2,679.37, a price-to-earnings ratio of 41.72 and a beta of 1.54. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $18.65.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The company had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. sell-side analysts expect that Darling Ingredients Inc. will post 0.24 earnings per share for the current year.

Several research analysts have commented on DAR shares. Zacks Investment Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Robert W. Baird reissued an “outperform” rating and issued a $20.00 price target (up from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. J P Morgan Chase & Co set a $19.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.33.

Darling Ingredients Company Profile

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR).

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

Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply