According to Zacks, “Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas. “
Separately, ValuEngine cut shares of Darling Ingredients from a buy rating to a hold rating in a research report on Tuesday, August 6th.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Darling Ingredients had a net margin of 2.37% and a return on equity of 3.35%. The company had revenue of $827.30 million during the quarter, compared to the consensus estimate of $839.92 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts forecast that Darling Ingredients will post 0.68 earnings per share for the current year.
A number of large investors have recently modified their holdings of DAR. Nuveen Asset Management LLC bought a new stake in Darling Ingredients during the 2nd quarter worth about $19,813,000. Bank of New York Mellon Corp raised its holdings in shares of Darling Ingredients by 22.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,649,446 shares of the company’s stock valued at $92,477,000 after purchasing an additional 852,104 shares during the period. ValueAct Holdings L.P. raised its holdings in shares of Darling Ingredients by 51.2% in the 2nd quarter. ValueAct Holdings L.P. now owns 1,727,528 shares of the company’s stock valued at $34,361,000 after purchasing an additional 585,000 shares during the period. Schroder Investment Management Group raised its holdings in shares of Darling Ingredients by 38.8% in the 2nd quarter. Schroder Investment Management Group now owns 1,518,186 shares of the company’s stock valued at $30,197,000 after purchasing an additional 424,248 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Darling Ingredients by 15.6% in the 2nd quarter. Royal Bank of Canada now owns 2,957,586 shares of the company’s stock valued at $58,826,000 after purchasing an additional 399,444 shares during the period. 97.42% of the stock is currently owned by hedge funds and other institutional investors.
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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