BlackRock Fund Advisors has recently announced that it has increased stake in Darling Ingredients Inc (NYSE:DAR) by 0.28%. After grabbing 13.21 million shares, the institutional investor is now in possession of 37342.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 8.28% having worth around $658.3 million. Moreover, Grantham, Mayo, Van Otterloo & Co increased its share by 0.45 million to have a control over 4.76 million shares. And EARNEST Partners LLC raised its holdings to 5090.0 shares by acquiring 3.25 million shares or 2.04% of the stake.
Darling Ingredients Inc (DAR) concluded trading on Thursday at a closing price of $43.83, with 4.04 million shares of worth about $176.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.21% during that period and on Thursday, January 25 the price saw a gain of about 3.64%. Currently the company’s common shares owned by public are about 159.97M shares, out of which, 157.34M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 67 times over the past 12 months. They bought 596,197 shares in 44 of the transactions. In 23 selling transactions, insiders dumped 535,043 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Darling Ingredients Inc Vanguard Total Stock Market ETF is currently holding 5.02 million shares of worth totaling $250.23 million. The company recently came buying 4392.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 4385.0 shares, after which its hold over company’s outstanding shares expand to 3.04%, leaving 4.85 million shares with the mutual fund that have a worth of about $241.58 million. Vanguard Small Cap Index Fund, after selling 4.06 million shares, have now control over 2.55% of the stake in the company. It holds 69001.0 shares of worth $202.49 million.
However, the stock later moved at a day high price of 44.51, or with a gain of 3.64%. Stock saw a price change of 0.67% in past 5 days and over the past one month there was a price change of -11.47%. Year-to-date (YTD), DAR shares are showing a performance of -12.06% which decreased to -32.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.97 but also hit the highest price of $71.60 during that period. The average intraday trading volume for Darling Ingredients Inc shares is 2.27 million. The stock is currently trading -5.91% below its 20-day simple moving average (SMA20), while that difference is down -4.43% for SMA50 and it goes to -20.86% lower than SMA200.
BlackRock Fund Advisors acquired 13.21 million shares of Darling Ingredients Inc having value of about $658.3 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 37342.0 shares in the company valued at close to $1636699.86, or have control over 0.28% stake in the company. Darling Ingredients Inc (NYSE: DAR) currently have 159.97M outstanding shares and institutions hold larger chunk of about 97.63% of that. Holding of mutual funds in the company is about 37.13% while other institutional holders and individual stake holders have control over 61.59% and 21.38% of the stake respectively.
The stock has a current market capitalization of $6.99B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 9.91, while it has posted earnings per share of $4.42 in the same period. Its PEG reads 0.99 and has Quick Ratio of 0.99 while making debt-to-equity ratio of 1.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DAR, volatility over the week remained 3.72% while standing at 2.98% over the month.
Analysts are in expectations that Darling Ingredients Inc (DAR) stock would likely to be making an EPS of $0.75 in the current quarter, while forecast for next quarter EPS is $1.03 and it is $4.25 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.4 which is $1.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.96 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.97% while it is estimated to increase by 0.38% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 42.29% made by the stock over the past 5-years.
