Southernsun Asset Management Lowers stake in Darling Ingredients Inc (DAR)

Darling Ingredients Inc (DAR) : Southernsun Asset Management reduced its stake in Darling Ingredients Inc by 10.78% during the most recent quarter end. The investment management company now holds a total of 20,067,781 shares of Darling Ingredients Inc which is valued at $286.6 Million after selling 2,425,192 shares in Darling Ingredients Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Darling Ingredients Inc makes up approximately 7.61% of Southernsun Asset Management’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp added DAR to its portfolio by purchasing 9,266 company shares during the most recent quarter which is valued at $132,318. Darling Ingredients Inc makes up approx 0.04% of Cantab Capital Partners Llp’s portfolio. Dean Capital Management added DAR to its portfolio by purchasing 127,574 company shares during the most recent quarter which is valued at $1.8 Million. Darling Ingredients Inc makes up approx 2.61% of Dean Capital Management’s portfolio.Finemark National Bank Trust reduced its stake in DAR by selling 1,812 shares or 56.43% in the most recent quarter. The Hedge Fund company now holds 1,399 shares of DAR which is valued at $19,978.Nine Chapters Capital Management reduced its stake in DAR by selling 3,800 shares or 5.93% in the most recent quarter. The Hedge Fund company now holds 60,300 shares of DAR which is valued at $861,084. Darling Ingredients Inc makes up approx 0.08% of Nine Chapters Capital Management’s portfolio.

Darling Ingredients Inc (DAR) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.91 and reached the intraday high at $15.05. The bulls started the profit booking and pushed the shares to intraday low of $14.85. The trading session was marked by a volume range of 20,49,529 shares exchanging hands. The 52-week high of the shares is $16.22 and the 52-week low is $7.78. The market cap of the company stands at $2,457 M and there are 16,45,67,470 shares in public circulation.

On the company’s financial health, Darling Ingredients Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 12, 2016. Analyst had a consensus of $0.11. The company had revenue of $779.64 million for the quarter, compared to analysts expectations of $809.79 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Darling Ingredients Inc. Company shares were Upgraded by JP Morgan on May 26, 2016 to ” Overweight”, Firm has raised the Price Target to $ 18 from a previous price target of $14 .

Darling Ingredients Inc. formerly Darling International Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food pet food pharmaceutical feed fuel bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients which includes the edible and inedible animal by-products bakery and hides business lines; Food Ingredients which includes the gelatin casings and edible fats business lines and Fuel Ingredients which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients such as gelatin tallow feed-grade fats meat and bone meal poultry meal yellow grease fuel feed stocks green energy natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.

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