Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Darling Ingredients Inc (DAR)

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Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,971 shares of the company’s stock after selling 2,034 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Darling Ingredients were worth $281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in Darling Ingredients by 2.3% during the 4th quarter. BlackRock Inc. now owns 24,292,062 shares of the company’s stock valued at $467,379,000 after purchasing an additional 545,974 shares during the period. FMR LLC lifted its position in Darling Ingredients by 15.4% during the 4th quarter. FMR LLC now owns 16,188,897 shares of the company’s stock valued at $311,475,000 after purchasing an additional 2,158,812 shares during the period. Bank of New York Mellon Corp lifted its position in Darling Ingredients by 62.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,937,915 shares of the company’s stock valued at $95,006,000 after purchasing an additional 1,897,277 shares during the period. Jennison Associates LLC lifted its position in Darling Ingredients by 0.4% during the 4th quarter. Jennison Associates LLC now owns 3,142,398 shares of the company’s stock valued at $60,460,000 after purchasing an additional 13,457 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Darling Ingredients by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,483,127 shares of the company’s stock valued at $47,775,000 after purchasing an additional 30,401 shares during the period. Institutional investors and hedge funds own 99.22% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, January 21st.

Shares of NYSE:DAR opened at $20.22 on Thursday. The company has a market capitalization of $3.32 billion, a P/E ratio of 22.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.60. Darling Ingredients Inc has a fifty-two week low of $17.46 and a fifty-two week high of $22.62.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $835.10 million during the quarter, compared to analyst estimates of $866.47 million. Darling Ingredients had a net margin of 0.66% and a return on equity of 3.01%. On average, analysts forecast that Darling Ingredients Inc will post 0.91 EPS for the current fiscal year.

In related news, CEO Randall C. Stuewe sold 68,940 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $21.02, for a total value of $1,449,118.80. Following the sale, the chief executive officer now directly owns 780,680 shares in the company, valued at approximately $16,409,893.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Randall C. Stuewe sold 21,060 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total transaction of $463,320.00. Following the completion of the sale, the chairman now owns 798,989 shares in the company, valued at $17,577,758. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.

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About Darling Ingredients

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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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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