Ameriprise Financial Inc. decreased its position in shares of Darling Ingredients Inc (NYSE:DAR) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,118,852 shares of the company’s stock after selling 34,942 shares during the quarter. Ameriprise Financial Inc. owned about 0.68% of Darling Ingredients worth $19,604,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in DAR. Integrated Investment Consultants LLC acquired a new position in shares of Darling Ingredients during the third quarter valued at $168,000. World Asset Management Inc boosted its holdings in shares of Darling Ingredients by 2.3% during the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock valued at $169,000 after acquiring an additional 237 shares during the period. Harrington Investments INC acquired a new position in shares of Darling Ingredients during the third quarter valued at $185,000. Victory Capital Management Inc. boosted its holdings in shares of Darling Ingredients by 17.6% during the second quarter. Victory Capital Management Inc. now owns 11,835 shares of the company’s stock valued at $186,000 after acquiring an additional 1,774 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Darling Ingredients by 21.0% during the second quarter. Strs Ohio now owns 12,100 shares of the company’s stock valued at $190,000 after acquiring an additional 2,100 shares during the period. 97.75% of the stock is owned by institutional investors.
Shares of Darling Ingredients Inc (DAR) traded up $0.18 during trading on Tuesday, reaching $18.31. 1,330,000 shares of the company’s stock traded hands, compared to its average volume of 1,270,000. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. Darling Ingredients Inc has a 12-month low of $11.51 and a 12-month high of $18.65. The company has a market capitalization of $3,010.00, a PE ratio of 48.18 and a beta of 1.52.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) 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 analyst estimates of $870.50 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. Darling Ingredients’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. equities research analysts anticipate that Darling Ingredients Inc will post 0.24 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and set a $20.00 price target on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Darling Ingredients in a report on Monday, September 25th. JPMorgan Chase & Co. downgraded shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $19.00 to $18.00 in a report on Friday, October 6th. Roth Capital set a $20.00 price objective on shares of Darling Ingredients and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.33.
COPYRIGHT VIOLATION NOTICE: “Ameriprise Financial Inc. Sells 34,942 Shares of Darling Ingredients Inc (DAR)” was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.truebluetribune.com/2018/01/03/ameriprise-financial-inc-has-19-60-million-position-in-darling-ingredients-inc-dar.html.
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.
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.