AE Wealth Management LLC made a new $309,000 investment in Darling Ingredients Inc. (NYSE:DAR)


AE Wealth Management LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating ) in the first quarter, Holdings Channel.com reports. The firm purchased 3,849 shares of the company’s stock, valued at approximately $309,000.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of Darling Ingredients by 1.5% in the first quarter. Nordea Investment Management AB now owns 75,761 shares of the company’s stock valued at $6,162,000 after buying an additional 1,105 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Darling Ingredients by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,226 shares of the company’s stock valued at $61,892,000 after purchasing an additional 16,330 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Darling Ingredients by 5.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 107,757 shares of the company’s stock valued at $7,467,000 after purchasing an additional 5,334 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Darling Ingredients by 81.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 521,080 shares of the company’s stock valued at $35,278,000 after purchasing an additional 234,330 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Darling Ingredients by 8.6% in the fourth quarter. New York State Teachers Retirement System now owns 232,195 shares of the company’s stock valued at $16,089,000 after buying an additional 18,381 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s shares.

In other news, EVP Der Velden Jan Van sold 17,087 shares of Darling Ingredients stock in a transaction on Friday, May 13th. The shares were sold at an average price of $76.21, for a total value of $1,302,200.27. Following the transaction, the executive vice president now directly owns 67,708 shares in the company, valued at approximately $5,160,026.68. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this hyperlink. Also, EVP John Bullock sold 12,872 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $81.34, for a total value of $1,047,008.48. Following the transaction, the executive vice president now owns 109,496 shares in the company, valued at $8,906,404.64. Disclosure of this sale can be found here. Insiders sold a total of 67,333 shares of company stock valued at $5,347,539 in the last quarter. Company insiders own 2.62% of the company’s shares.

DAR opened at $58.07 on Tuesday. The stock’s fifty day moving average is $73.08 and the two hundred day moving average is $72.00. The company has a market cap of $9.38 billion, a P/E ratio of 14.26 and a beta of 1.23. Darling Ingredients Inc. it has a 52-week low of $56.34 and a 52-week high of $87.59. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 0.48.

Darling Ingredients (NYSE:DAR – Get Rating ) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Darling Ingredients had a return on equity of 20.76% and a net margin of 13.58%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.90 EPS. The business’s revenue was up 30.5% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will report 5.36 earnings per share for the current year.

A number of brokerages recently commented on DAR. Cowen began coverage on Darling Ingredients in a research note on Monday, April 25th. They set a “market perform” rating and a $80.00 target price for the company. StockNews.com lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Cowen began coverage on Darling Ingredients in a research note on Monday, April 25th. They issued a “market perform” rating and a $80.00 target price for the company. Credit Suisse Group boosted their target price on Darling Ingredients from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, March 14th. Finally, Roth Capital reissued a “buy” rating on shares of Darling Ingredients in a research note on Monday, March 14th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Moderate Buy” and a consensus target price of $94.78, according to MarketBeat.

Darling Ingredients Company Profile (Get Rating)

Darling Ingredients Inc develops, manufactures and markets natural ingredients from edible and non-edible bionutrients. The company operates in 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.

Featured stories

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

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



Get Darling Ingredients news and reviews 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.

Leave a Comment

Your email address will not be published.