Texas Permanent School Fund lifted its position in Darling Ingredients Inc (NYSE:DAR) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,800 shares of the company’s stock after buying an additional 4,050 shares during the quarter. Texas Permanent School Fund’s holdings in Darling Ingredients were worth $2,420,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Darling Ingredients by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 55,021 shares of the company’s stock worth $1,058,000 after purchasing an additional 785 shares in the last quarter. DNB Asset Management AS purchased a new position in Darling Ingredients during the fourth quarter worth about $2,297,000. Advisors Capital Management LLC raised its holdings in Darling Ingredients by 5.0% during the fourth quarter. Advisors Capital Management LLC now owns 134,102 shares of the company’s stock worth $2,580,000 after purchasing an additional 6,342 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in Darling Ingredients by 10.8% during the fourth quarter. Peregrine Capital Management LLC now owns 362,967 shares of the company’s stock worth $6,983,000 after purchasing an additional 35,369 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Darling Ingredients by 14.0% during the fourth quarter. Bank of Montreal Can now owns 12,454 shares of the company’s stock worth $240,000 after purchasing an additional 1,526 shares in the last quarter. 99.22% of the stock is owned by institutional investors and hedge funds.
NYSE DAR opened at $20.18 on Friday. The stock has a market cap of $3.39 billion, a P/E ratio of 22.67 and a beta of 1.16. Darling Ingredients Inc has a 52-week low of $17.99 and a 52-week high of $22.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.60 and a quick ratio of 0.97.
In other Darling Ingredients news, CEO Randall C. Stuewe sold 68,940 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the transaction, the chief executive officer now directly owns 780,680 shares in the company, valued at $16,409,893.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Randall C. Stuewe sold 21,060 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $22.00, for a total transaction of $463,320.00. Following the transaction, the chairman now owns 798,989 shares in the company, valued at $17,577,758. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company’s stock.
Separately, Zacks Investment Research cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, January 21st.
Darling Ingredients Profile
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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