Kendall Capital Management Sells 300 Shares of Darling Ingredients Inc. (NYSE:DAR)

Kendall Capital Management cut its stake in Darling Ingredients Inc. (NYSE:DAR) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,905 shares of the company’s stock after selling 300 shares during the period. Kendall Capital Management’s holdings in Darling Ingredients were worth $254,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its stake in Darling Ingredients by 55.0% in the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock worth $72,683,000 after acquiring an additional 554,512 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Darling Ingredients by 34.8% in the first quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock worth $5,340,000 after purchasing an additional 29,660 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Darling Ingredients by 15.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock worth $79,499,000 after purchasing an additional 213,763 shares during the period. Gates Capital Management Inc. bought a new stake in Darling Ingredients during the 4th quarter valued at $88,885,000. Finally, Overbrook Management Corp lifted its holdings in shares of Darling Ingredients by 16.1% in the 1st quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock worth $11,514,000 after buying an additional 34,300 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the topic of several research reports. TD Cowen cut their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Scotiabank cut their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group cut their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $60.10.

Darling Ingredients Trading Up 3.3 %

NYSE:DAR opened at $37.10 on Friday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 11.11 and a beta of 1.24. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $56.96. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $38.07 and a 200 day moving average of $40.38.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Robert W. Day acquired 2,532 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the acquisition, the executive vice president now directly owns 12,607 shares in the company, valued at approximately $496,337.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Profile

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.