Independent Portfolio Consultants Lowers stake in Darling Ingredients Inc (DAR)

Darling Ingredients Inc (DAR) : Independent Portfolio Consultants reduced its stake in Darling Ingredients Inc by 10.28% during the most recent quarter end. The investment management company now holds a total of 126,655 shares of Darling Ingredients Inc which is valued at $1,718,708 after selling 14,510 shares in Darling Ingredients Inc , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Darling Ingredients Inc makes up approximately 0.54% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in DAR by selling 26,868 shares or 44.32% in the most recent quarter. The Hedge Fund company now holds 33,759 shares of DAR which is valued at $458,110.Washington Trust Bank reduced its stake in DAR by selling 132 shares or 77.65% in the most recent quarter. The Hedge Fund company now holds 38 shares of DAR which is valued at $516.

Darling Ingredients Inc closed down -0.03 points or -0.22% at $13.38 with 8,35,725 shares getting traded on Tuesday. Post opening the session at $13.39, the shares hit an intraday low of $13.3 and an intraday high of $13.535 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Darling Ingredients Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.17. The company had revenue of $877.34 million for the quarter, compared to analysts expectations of $875.85 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 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.

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