Darling Ingredients Inc (DAR) Holding Held by State Board of Administration of Florida Retirement System

Darling Ingredients Inc (DAR) Holding Held by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System maintained its stake in Darling Ingredients Inc (NYSE:DAR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,044 shares of the company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Darling Ingredients were worth $1,859,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Darling Ingredients during the fourth quarter worth approximately $123,000. Miles Capital Inc. purchased a new stake in Darling Ingredients during the fourth quarter worth approximately $130,000. Tyers Asset Management LLC purchased a new stake in Darling Ingredients during the fourth quarter worth approximately $146,000. Everence Capital Management Inc. purchased a new stake in Darling Ingredients during the first quarter worth approximately $170,000. Finally, Flinton Capital Management LLC purchased a new stake in Darling Ingredients during the fourth quarter worth approximately $178,000. 95.29% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Inc (DAR) opened at 16.06 on Friday. The firm has a market capitalization of $2.64 billion, a P/E ratio of 24.75 and a beta of 1.76. Darling Ingredients Inc has a one year low of $11.51 and a one year high of $16.61. The firm has a 50-day moving average price of $15.44 and a 200-day moving average price of $13.93.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. Darling Ingredients had a return on equity of 7.34% and a net margin of 4.40%. The company had revenue of $880.10 million for the quarter, compared to analyst estimates of $842.52 million. During the same period in the previous year, the business posted $0.01 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. Equities analysts anticipate that Darling Ingredients Inc will post $0.56 earnings per share for the current year.

A number of research firms recently commented on DAR. BMO Capital Markets reaffirmed a “buy” rating and set a $19.00 target price on shares of Darling Ingredients in a report on Tuesday, May 16th. Zacks Investment Research downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, May 22nd. Roth Capital set a $17.00 price target on Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, February 28th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, May 15th. Finally, Robert W. Baird began coverage on Darling Ingredients in a report on Wednesday, March 22nd. They issued an “outperform” rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.71.

In related news, CFO Patrick C. Lynch acquired 19,710 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $15.20 per share, with a total value of $299,592.00. Following the transaction, the chief financial officer now owns 110,138 shares of the company’s stock, valued at $1,674,097.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick C. Lynch acquired 18,337 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $16.39 per share, with a total value of $300,543.43. Following the completion of the transaction, the chief financial officer now directly owns 147,295 shares in the company, valued at approximately $2,414,165.05. The disclosure for this purchase can be found here. Insiders have acquired a total of 56,867 shares of company stock valued at $899,938 over the last ninety days. 1.75% of the stock is owned by insiders.

About Darling Ingredients

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DAR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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