KBC Group NV Sells 198,783 Shares of Darling Ingredients Inc. (DAR)

KBC Group NV reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 36.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 343,106 shares of the company’s stock after selling 198,783 shares during the period. KBC Group NV owned 0.21% of Darling Ingredients worth $5,400,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of DAR. First Trust Advisors LP boosted its position in shares of Darling Ingredients by 38.4% in the first quarter. First Trust Advisors LP now owns 308,761 shares of the company’s stock worth $4,483,000 after buying an additional 85,680 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Darling Ingredients by 4.9% in the first quarter. Tyers Asset Management LLC now owns 11,900 shares of the company’s stock worth $173,000 after buying an additional 560 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Darling Ingredients by 6.4% in the first quarter. Great West Life Assurance Co. Can now owns 228,614 shares of the company’s stock worth $3,317,000 after buying an additional 13,784 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Darling Ingredients by 33.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,267,500 shares of the company’s stock worth $18,404,000 after buying an additional 315,400 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its position in shares of Darling Ingredients by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 71,000 shares of the company’s stock worth $1,031,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Shares of Darling Ingredients Inc. (DAR) opened at 16.18 on Wednesday. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $17.08. The company has a 50-day moving average price of $16.35 and a 200-day moving average price of $15.13. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 31.79 and a beta of 1.61.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.05. The business had revenue of $896.30 million during the quarter, compared to analyst estimates of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. On average, equities analysts anticipate that Darling Ingredients Inc. will post $0.44 earnings per share for the current year.

A number of brokerages recently issued reports on DAR. BidaskClub cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Robert W. Baird reiterated an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. J P Morgan Chase & Co set a $19.00 target price on Darling Ingredients and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a report on Monday, May 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.17.

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.

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