GAM Holding AG Cuts Position in Darling Ingredients Inc. $DAR

by · The Cerbat Gem

GAM Holding AG cut its holdings in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 12.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,132 shares of the company’s stock after selling 3,935 shares during the quarter. GAM Holding AG’s holdings in Darling Ingredients were worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Gates Capital Management Inc. grew its stake in shares of Darling Ingredients by 18.7% in the 1st quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after buying an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after acquiring an additional 1,026,958 shares in the last quarter. American Century Companies Inc. grew its position in Darling Ingredients by 155.5% in the first quarter. American Century Companies Inc. now owns 1,479,369 shares of the company’s stock worth $46,215,000 after acquiring an additional 900,461 shares in the last quarter. AQR Capital Management LLC grew its position in Darling Ingredients by 548.4% in the first quarter. AQR Capital Management LLC now owns 635,351 shares of the company’s stock worth $19,588,000 after acquiring an additional 537,356 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in Darling Ingredients in the first quarter worth about $14,651,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 0.2%

Shares of DAR opened at $32.05 on Friday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 47.84, a P/E/G ratio of 2.35 and a beta of 1.22. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $32.19 and a 200-day moving average price of $33.25.

Darling Ingredients (NYSE:DAR – Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Zacks Research cut shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Finally, Baird R W cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Read Our Latest Analysis on DAR

Insider Transactions at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares in the company, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.62% of the stock is currently owned by company insiders.

About Darling Ingredients

(Free Report)

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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