ProShare Advisors LLC reduced its position in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) by 6.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 9,534 shares of the company’s stock after selling 691 shares during the quarter. ProShare Advisors LLC’s holdings in Darling Ingredients were worth $557,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after purchasing an additional 7,656,389 shares during the last quarter. Norges Bank acquired a new position in Darling Ingredients during the fourth quarter valued at approximately $135,362,000. DnB Asset Management AS boosted its position in Darling Ingredients by 85.4% during the first quarter. DnB Asset Management AS now owns 1,242,989 shares of the company’s stock valued at $72,591,000 after purchasing an additional 572,466 shares during the last quarter. Impax Asset Management Group plc boosted its position in Darling Ingredients by 12.2% during the first quarter. Impax Asset Management Group plc now owns 4,125,217 shares of the company’s stock valued at $240,000,000 after purchasing an additional 447,406 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Darling Ingredients by 97.1% during the fourth quarter. Legal & General Group Plc now owns 738,113 shares of the company’s stock valued at $46,198,000 after purchasing an additional 363,628 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Darling Ingredients news, EVP John Bullock sold 28,734 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $65.10, for a total transaction of $1,870,583.40. Following the transaction, the executive vice president now owns 101,189 shares in the company, valued at approximately $6,587,403.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP John Bullock sold 28,734 shares of Darling Ingredients stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $65.10, for a total value of $1,870,583.40. Following the transaction, the executive vice president now owns 101,189 shares in the company, valued at approximately $6,587,403.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary W. Mize purchased 1,550 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $63.97 per share, for a total transaction of $99,153.50. Following the purchase, the director now owns 38,375 shares in the company, valued at approximately $2,454,848.75. The disclosure for this purchase can be found here. Insiders have sold a total of 212,999 shares of company stock worth $13,533,010 in the last 90 days. Company insiders own 2.62% of the company’s stock.
Darling Ingredients Price Performance
Darling Ingredients (NYSE:DAR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Darling Ingredients had a return on equity of 20.15% and a net margin of 11.12%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business earned $1.23 EPS. Darling Ingredients’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Darling Ingredients Inc. will post 5.53 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on DAR. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, August 10th. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. BMO Capital Markets raised their price objective on Darling Ingredients from $80.00 to $85.00 in a research report on Thursday, May 11th. Jefferies Financial Group lowered their target price on Darling Ingredients from $95.00 to $85.00 in a research note on Monday, May 15th. Finally, Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Darling Ingredients in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $90.64.
Check Out Our Latest Stock Analysis on Darling Ingredients
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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