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


AE Wealth Management LLC purchased 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% during the first quarter. Nordea Investment Management AB now owns 75,761 shares of the company’s stock worth $6,162,000 after purchasing an additional 1,105 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Darling Ingredients by 1.9% during 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. raised its stake in Darling Ingredients by 5.2% during 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 during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Darling Ingredients by 81.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 521,080 shares of the company’s stock valued at $35,278,000 after buying an additional 234,330 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in Darling Ingredients by 8.6% during 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 acquiring 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 stock was 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 link. Also, EVP John Bullock sold 12,872 shares of the business’s stock in a transaction on Friday, May 27th. The stock was 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 for this sale can be found here. Insiders sold a total of 67,333 shares of company stock worth $5,347,539 over the last quarter. Company insiders own 2.62% of the company’s stock.

DAR opened at $58.07 on Tuesday. The stock has a fifty day moving average of $73.08 and a two hundred day moving average of $72.00. The company has a market capitalization 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, beating 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. Business revenue increased by 30.5% compared to the same quarter last year. Stock analysts predict that Darling Ingredients Inc. will post 5.36 earnings per share for the current year.

A number of brokerages recently commented on DAR. Cowen initiated coverage on Darling Ingredients in a research note on Monday, April 25th. They set a “market perform” rating and a $80.00 price objective 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 initiated coverage on Darling Ingredients in a research note on Monday, April 25th. They issued a “market perform” rating and a $80.00 price objective for the company. Credit Suisse Group lifted their price objective 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 price target 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 bio-nutrients. The company operates in three segments: Food Ingredients, Food Ingredients and Fuel Ingredients. It provides customized specialty ingredients and solutions to customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

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



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