Everence Capital Management Inc. raised its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 96.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,090 shares of the company’s stock after acquiring an additional 11,360 shares during the quarter. Everence Capital Management Inc.’s holdings in Darling Ingredients were worth $500,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of DAR. Texas Permanent School Fund increased its position in shares of Darling Ingredients by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 111,800 shares of the company’s stock worth $2,420,000 after purchasing an additional 4,050 shares during the last quarter. Comerica Bank increased its position in shares of Darling Ingredients by 1.6% during the 1st quarter. Comerica Bank now owns 163,781 shares of the company’s stock worth $3,575,000 after purchasing an additional 2,589 shares during the last quarter. Rhumbline Advisers increased its position in shares of Darling Ingredients by 1.3% during the 1st quarter. Rhumbline Advisers now owns 492,573 shares of the company’s stock worth $10,664,000 after purchasing an additional 6,084 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Darling Ingredients by 282.5% during the 1st quarter. SG Americas Securities LLC now owns 146,182 shares of the company’s stock worth $3,165,000 after purchasing an additional 107,962 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Darling Ingredients by 759.5% during the 1st quarter. Quadrant Capital Group LLC now owns 1,358 shares of the company’s stock worth $28,000 after acquiring an additional 1,200 shares during the last quarter. 99.22% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Darling Ingredients had a net margin of 0.66% and a return on equity of 3.01%. The firm had revenue of $835.10 million during the quarter, compared to analyst estimates of $866.47 million. Equities analysts forecast that Darling Ingredients Inc will post 0.91 earnings per share for the current fiscal year.
In other news, CEO Randall C. Stuewe sold 68,940 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the completion of the sale, the chief executive officer now directly owns 780,680 shares in the company, valued at approximately $16,409,893.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Randall C. Stuewe sold 21,060 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total value of $463,320.00. Following the sale, the chairman now owns 798,989 shares of the company’s stock, valued at $17,577,758. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company’s stock.
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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