Darling Ingredients Inc. (DAR) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 66.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,096 shares of the company’s stock after selling 109,462 shares during the period. PNC Financial Services Group Inc.’s holdings in Darling Ingredients were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Darling Ingredients by 7,798.7% in the first quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after purchasing an additional 20,179,041 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Darling Ingredients by 6.3% during the first quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock worth $223,870,000 after acquiring an additional 910,712 shares in the last quarter. FMR LLC increased its position in shares of Darling Ingredients by 2.9% during the first quarter. FMR LLC now owns 8,222,065 shares of the company’s stock worth $119,384,000 after acquiring an additional 228,849 shares in the last quarter. State Street Corp increased its position in shares of Darling Ingredients by 5.5% during the first quarter. State Street Corp now owns 4,139,438 shares of the company’s stock worth $60,110,000 after acquiring an additional 214,226 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Darling Ingredients by 10.5% during the second quarter. JPMorgan Chase & Co. now owns 3,175,762 shares of the company’s stock worth $49,987,000 after acquiring an additional 302,601 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Darling Ingredients Inc. (NYSE DAR) opened at 16.71 on Wednesday. The stock’s 50 day moving average is $17.58 and its 200 day moving average is $16.18. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $18.65. The company has a market capitalization of $2.75 billion, a P/E ratio of 32.83 and a beta of 1.57.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The business had revenue of $896.30 million during the quarter, compared to the consensus estimate of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities analysts expect that Darling Ingredients Inc. will post $0.40 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/darling-ingredients-inc-dar-shares-sold-by-pnc-financial-services-group-inc.html.

Several equities research analysts have recently commented on DAR shares. BidaskClub downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Robert W. Baird reissued an “outperform” rating and set a $20.00 target price on shares of Darling Ingredients in a research report on Wednesday, August 23rd. J P Morgan Chase & Co downgraded shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $18.00 in a research report on Friday, October 6th. Canaccord Genuity reissued a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Monday, September 25th. Finally, Zacks Investment Research raised shares of Darling Ingredients from a ̶

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Darling Ingredients by 7,798.7% in the first quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after purchasing an additional 20,179,041 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Darling Ingredients by 6.3% during the first quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock worth $223,870,000 after acquiring an additional 910,712 shares in the last quarter. FMR LLC increased its position in shares of Darling Ingredients by 2.9% during the first quarter. FMR LLC now owns 8,222,065 shares of the company’s stock worth $119,384,000 after acquiring an additional 228,849 shares in the last quarter. State Street Corp increased its position in shares of Darling Ingredients by 5.5% during the first quarter. State Street Corp now owns 4,139,438 shares of the company’s stock worth $60,110,000 after acquiring an additional 214,226 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Darling Ingredients by 10.5% during the second quarter. JPMorgan Chase & Co. now owns 3,175,762 shares of the company’s stock worth $49,987,000 after acquiring an additional 302,601 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Darling Ingredients Inc. (NYSE DAR) opened at 16.71 on Wednesday. The stock’s 50 day moving average is $17.58 and its 200 day moving average is $16.18. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $18.65. The company has a market capitalization of $2.75 billion, a P/E ratio of 32.83 and a beta of 1.57.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The business had revenue of $896.30 million during the quarter, compared to the consensus estimate of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities analysts expect that Darling Ingredients Inc. will post $0.40 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/darling-ingredients-inc-dar-shares-sold-by-pnc-financial-services-group-inc.html.

Several equities research analysts have recently commented on DAR shares. BidaskClub downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Robert W. Baird reissued an “outperform” rating and set a $20.00 target price on shares of Darling Ingredients in a research report on Wednesday, August 23rd. J P Morgan Chase & Co downgraded shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $18.00 in a research report on Friday, October 6th. Canaccord Genuity reissued a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Monday, September 25th. Finally, Zacks Investment Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.40.

Darling Ingredients Company Profile

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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