Darling Ingredients (NYSE:DAR) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Darling Ingredients (NYSE:DAR) announced its 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), Morningstar.com reports. The company had revenue of $835.10 million for the quarter, compared to analysts’ expectations of $866.47 million. Darling Ingredients had a net margin of 0.66% and a return on equity of 3.01%.

Shares of Darling Ingredients stock opened at $18.90 on Friday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 21.24 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 0.74. Darling Ingredients has a fifty-two week low of $17.99 and a fifty-two week high of $22.62.

In other news, Chairman Randall C. Stuewe sold 21,060 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total transaction of $463,320.00. Following the sale, the chairman now directly owns 798,989 shares in the company, valued at approximately $17,577,758. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer now owns 780,680 shares in the company, valued at $16,409,893.60. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of DAR. Convergence Investment Partners LLC bought a new position in Darling Ingredients in the 4th quarter worth about $264,000. Jane Street Group LLC grew its stake in Darling Ingredients by 112.5% in the 3rd quarter. Jane Street Group LLC now owns 22,393 shares of the company’s stock worth $433,000 after acquiring an additional 201,293 shares in the last quarter. DNB Asset Management AS bought a new position in Darling Ingredients in the 4th quarter worth about $2,297,000. Enlightenment Research LLC bought a new position in Darling Ingredients in the 4th quarter worth about $31,000. Finally, Frontier Capital Management Co. LLC grew its stake in Darling Ingredients by 42.3% in the 4th quarter. Frontier Capital Management Co. LLC now owns 648,025 shares of the company’s stock worth $12,468,000 after acquiring an additional 192,681 shares in the last quarter. 96.17% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

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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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Earnings History for Darling Ingredients (NYSE:DAR)

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