Darling Ingredients INC (DAR) Shareholder Southernsun Asset Management LLC Cut Stake by $19.25 Million

June 14, 2018 - By Ash Ash

Darling Ingredients Inc. (NYSE:DAR) LogoInvestors sentiment increased to 1.07 in Q1 2018. Its up 0.04, from 1.03 in 2017Q4. It improved, as 16 investors sold DAR shares while 81 reduced holdings. 35 funds opened positions while 69 raised stakes. 159.66 million shares or 0.90% more from 158.23 million shares in 2017Q4 were reported. Advisory Ntwk Ltd has invested 0.01% in Darling Ingredients Inc. (NYSE:DAR). Moreover, Blackrock has 0.02% invested in Darling Ingredients Inc. (NYSE:DAR). Tudor Investment Et Al invested in 38,534 shares. Eagle Asset stated it has 1.65 million shares or 0.15% of all its holdings. Goldman Sachs Group Inc Inc, New York-based fund reported 538,494 shares. Bb&T stated it has 527,298 shares. Schwab Charles Investment Management Incorporated, California-based fund reported 1.28M shares. Cibc Asset Mngmt Inc holds 13,105 shares. Employees Retirement Sys Of Texas holds 82,000 shares. Manufacturers Life Insurance The reported 122,119 shares. Arrowstreet Ltd Partnership invested in 0% or 121,334 shares. Vanguard Group Inc holds 0.01% or 15.95M shares. Great West Life Assurance Can reported 0.01% of its portfolio in Darling Ingredients Inc. (NYSE:DAR). Oppenheimer Asset Mngmt owns 492,154 shares or 0.21% of their US portfolio. Utd Automobile Association holds 420,699 shares.

Southernsun Asset Management Llc decreased its stake in Darling Ingredients Inc. (DAR) by 7.68% based on its latest 2018Q1 regulatory filing with the SEC. Southernsun Asset Management Llc sold 1.13 million shares as the company’s stock rose 6.63% while stock markets declined. The institutional investor held 13.62M shares of the packaged foods company at the end of 2018Q1, valued at $235.66M, down from 14.75M at the end of the previous reported quarter. Southernsun Asset Management Llc who had been investing in Darling Ingredients Inc. for a number of months, seems to be less bullish one the $3.16B market cap company. The stock increased 0.63% or $0.12 during the last trading session, reaching $19.19. About 575,685 shares traded. Darling Ingredients Inc. (NYSE:DAR) has risen 15.61% since June 14, 2017 and is uptrending. It has outperformed by 3.04% the S&P500.

Southernsun Asset Management Llc, which manages about $5.32B and $3.56B US Long portfolio, upped its stake in Brink’s Co. (NYSE:BCO) by 941,110 shares to 2.60M shares, valued at $185.68 million in 2018Q1, according to the filing.

Analysts await Darling Ingredients Inc. (NYSE:DAR) to report earnings on August, 8. They expect $0.10 earnings per share, up 100.00 % or $0.05 from last year’s $0.05 per share. DAR’s profit will be $16.47 million for 47.98 P/E if the $0.10 EPS becomes a reality. After $0.58 actual earnings per share reported by Darling Ingredients Inc. for the previous quarter, Wall Street now forecasts -82.76 % negative EPS growth.

More important recent Darling Ingredients Inc. (NYSE:DAR) news were published by: Twst.com which released: “Darling Ingredients (NYSE:DAR) Turns Old Grease Into Money: Michael Cook of SouthernSun Asset Management …” on May 17, 2018, also Bizjournals.com published article titled: “Las Colinas continues streak of real estate deals with sale of 10-story office building”, Streetinsider.com published: “Darling Ingredients (DAR) Acquires Substantially all Assets of Kruger Commodities” on May 21, 2018. More interesting news about Darling Ingredients Inc. (NYSE:DAR) was released by: Fool.com and their article: “3 Energy Stocks You Don’t Have to Babysit” with publication date: June 12, 2018.

Darling Ingredients Inc. (NYSE:DAR) Ratings Coverage

Among 3 analysts covering Darling Ingredients (NYSE:DAR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Darling Ingredients had 3 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Darling Ingredients Inc. (NYSE:DAR) earned “Hold” rating by BMO Capital Markets on Thursday, March 1. The stock of Darling Ingredients Inc. (NYSE:DAR) has “Neutral” rating given on Thursday, March 1 by Goldman Sachs. The firm has “Buy” rating given on Monday, December 18 by Robert W. Baird.

Darling Ingredients Inc. (NYSE:DAR) Institutional Positions Chart

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