Cambridge Investment Research Advisors Inc. raised its stake in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 126.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,432 shares of the company’s stock after acquiring an additional 4,148 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Darling Ingredients were worth $465,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of DAR. WFA of San Diego LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at $31,000. Standard Family Office LLC purchased a new stake in Darling Ingredients in the 3rd quarter worth about $53,000. Robeco Institutional Asset Management B.V. purchased a new stake in Darling Ingredients in the 3rd quarter worth about $70,000. C M Bidwell & Associates Ltd. purchased a new stake in Darling Ingredients in the 3rd quarter worth about $73,000. Finally, Spire Wealth Management increased its holdings in Darling Ingredients by 37.2% in the 3rd quarter. Spire Wealth Management now owns 1,214 shares of the company’s stock worth $80,000 after acquiring an additional 329 shares during the last quarter. 90.90% of the stock is currently owned by institutional investors.
Insider Activity at Darling Ingredients
In other Darling Ingredients news, EVP Patrick Mcnutt bought 900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the acquisition, the executive vice president now directly owns 12,287 shares in the company, valued at $664,358.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Patrick Mcnutt acquired 900 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was acquired at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the acquisition, the executive vice president now owns 12,287 shares in the company, valued at $664,358.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randall C. Stuewe sold 70,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $65.00, for a total value of $4,550,000.00. Following the completion of the transaction, the chief executive officer now owns 740,363 shares of the company’s stock, valued at approximately $48,123,595. The disclosure for this sale can be found here. Insiders acquired a total of 4,400 shares of company stock worth $266,958 over the last quarter. 2.62% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Darling Ingredients Stock Performance
Shares of DAR stock opened at $64.36 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.98 and a current ratio of 1.73. Darling Ingredients Inc. has a fifty-two week low of $51.77 and a fifty-two week high of $87.59. The stock has a 50 day moving average price of $58.87 and a two-hundred day moving average price of $63.26. The company has a market capitalization of $10.27 billion, a P/E ratio of 14.30 and a beta of 1.23.
Darling Ingredients (NYSE:DAR – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.20). Darling Ingredients had a net margin of 10.57% and a return on equity of 19.99%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.80 billion. Analysts expect that Darling Ingredients Inc. will post 5.61 earnings per share for the current year.
About Darling Ingredients
Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.
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