Bank of Montreal Can raised its position in Darling Ingredients Inc (NYSE:DAR) by 1,871.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,507 shares of the company’s stock after purchasing an additional 233,053 shares during the period. Bank of Montreal Can owned 0.15% of Darling Ingredients worth $5,317,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Enlightenment Research LLC purchased a new position in shares of Darling Ingredients in the 4th quarter valued at $31,000. Phocas Financial Corp. purchased a new position in shares of Darling Ingredients in the 4th quarter valued at $35,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Darling Ingredients by 455.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,564 shares of the company’s stock valued at $49,000 after buying an additional 2,102 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Darling Ingredients in the 1st quarter valued at $51,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Darling Ingredients in the 4th quarter valued at $63,000. 99.83% of the stock is currently owned by institutional investors.
In other news, CEO Randall C. Stuewe sold 68,940 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $21.02, for a total value of $1,449,118.80. Following the completion of the sale, the chief executive officer now owns 780,680 shares in the company, valued at approximately $16,409,893.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Randall C. Stuewe sold 21,060 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $22.00, for a total transaction of $463,320.00. Following the completion of the sale, the chairman now owns 798,989 shares of the company’s stock, valued at approximately $17,577,758. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.
Separately, Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.
Shares of Darling Ingredients stock opened at $20.54 on Friday. Darling Ingredients Inc has a 1 year low of $17.31 and a 1 year high of $22.62. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.74. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 23.08 and a beta of 1.16.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.06). Darling Ingredients had a return on equity of 3.01% and a net margin of 0.66%. The business had revenue of $835.10 million for the quarter, compared to analysts’ expectations of $866.47 million. On average, research analysts forecast that Darling Ingredients Inc will post 0.92 EPS for the current year.
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About Darling Ingredients
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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