Darling Ingredients Inc (DAR) : Independent Portfolio Consultants reduced its stake in Darling Ingredients Inc by 4.35% during the most recent quarter end. The investment management company now holds a total of 200,385 shares of Darling Ingredients Inc which is valued at $2,741,267 after selling 9,115 shares in Darling Ingredients Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Darling Ingredients Inc makes up approximately 0.76% of Independent Portfolio Consultants’s portfolio.
Darling Ingredients Inc closed down -0.03 points or -0.22% at $13.65 with 17,98,835 shares getting traded on Monday. Post opening the session at $13.68, the shares hit an intraday low of $13.51 and an intraday high of $13.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , 1st Global Advisors added DAR to its portfolio by purchasing 10,660 company shares during the most recent quarter which is valued at $145,829. Darling Ingredients Inc makes up approx 0.02% of 1st Global Advisors’s portfolio.Capstone Asset Management Co reduced its stake in DAR by selling 3,140 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 64,413 shares of DAR which is valued at $881,170. Darling Ingredients Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in DAR by selling 400 shares or 80.0% in the most recent quarter. The Hedge Fund company now holds 100 shares of DAR which is valued at $1,329.Eagle Asset Management Inc reduced its stake in DAR by selling 402,186 shares or 9.17% in the most recent quarter. The Hedge Fund company now holds 3,984,919 shares of DAR which is valued at $52,959,574. Darling Ingredients Inc makes up approx 0.37% of Eagle Asset Management Inc’s portfolio.
On the company’s financial health, Darling Ingredients Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.50 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $0.04. The company had revenue of $809.68 million for the quarter, compared to analysts expectations of $843.61 million. The company’s revenue was down -19.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.
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.