Southernsun Asset Management LLC Lowered Its Darling Ingredients INC (DAR) Holding by $9.27 Million

April 14, 2018 - By Hazel Jackson

Darling Ingredients Inc. (NYSE:DAR) LogoInvestors sentiment decreased to 1.03 in Q4 2017. Its down 0.01, from 1.04 in 2017Q3. It is negative, as 20 investors sold DAR shares while 82 reduced holdings. 32 funds opened positions while 73 raised stakes. 158.23 million shares or 0.37% more from 157.64 million shares in 2017Q3 were reported. The Ontario – Canada-based Manufacturers Life Com The has invested 0% in Darling Ingredients Inc. (NYSE:DAR). Oppenheimer And has invested 0.02% of its portfolio in Darling Ingredients Inc. (NYSE:DAR). Cibc Asset Mngmt accumulated 13,105 shares. Intrust Bank & Trust Na reported 0.19% of its portfolio in Darling Ingredients Inc. (NYSE:DAR). Schroder Inv Gru has invested 0.03% in Darling Ingredients Inc. (NYSE:DAR). Guggenheim Limited Liability holds 0.01% or 274,263 shares in its portfolio. Citigroup holds 1,709 shares. 2,200 are owned by Prelude Mgmt Llc. 10,848 are owned by Victory Capital Mngmt Inc. Metropolitan Life Insur invested in 0.01% or 50,788 shares. 16,500 were reported by Benchmark Capital Advisors. Walleye Trading Limited reported 75,492 shares or 0.01% of all its holdings. Aqr Lc has invested 0.01% in Darling Ingredients Inc. (NYSE:DAR). Goldman Sachs Group owns 505,164 shares for 0% of their portfolio. Illinois-based Hightower Advsrs Ltd Liability Co has invested 0% in Darling Ingredients Inc. (NYSE:DAR).

Southernsun Asset Management Llc decreased its stake in Darling Ingredients Inc. (DAR) by 3.37% based on its latest 2017Q4 regulatory filing with the SEC. Southernsun Asset Management Llc sold 515,079 shares as the company’s stock declined 4.74% with the market. The institutional investor held 14.75M shares of the packaged foods company at the end of 2017Q4, valued at $267.50 million, down from 15.27 million 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 $2.79 billion market cap company. The stock decreased 2.48% or $0.43 during the last trading session, reaching $16.93. About 913,867 shares traded. Darling Ingredients Inc. (NYSE:DAR) has risen 18.69% since April 14, 2017 and is uptrending. It has outperformed by 7.14% the S&P500.

Analysts await Darling Ingredients Inc. (NYSE:DAR) to report earnings on May, 10. They expect $0.42 EPS, up 950.00 % or $0.38 from last year’s $0.04 per share. DAR’s profit will be $69.14 million for 10.08 P/E if the $0.42 EPS becomes a reality. After $0.10 actual EPS reported by Darling Ingredients Inc. for the previous quarter, Wall Street now forecasts 320.00 % EPS growth.

Darling Ingredients Inc. (NYSE:DAR) Ratings Coverage

Among 5 analysts covering Darling Ingredients (NYSE:DAR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Darling Ingredients had 7 analyst reports since October 24, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, November 9 by BMO Capital Markets. As per Thursday, March 1, the company rating was downgraded by BMO Capital Markets. Robert W. Baird maintained Darling Ingredients Inc. (NYSE:DAR) rating on Thursday, November 9. Robert W. Baird has “Buy” rating and $22.0 target. Canaccord Genuity maintained the shares of DAR in report on Monday, November 6 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $22.0 target in Monday, December 18 report. Roth Capital maintained Darling Ingredients Inc. (NYSE:DAR) on Tuesday, October 24 with “Buy” rating. The rating was downgraded by Goldman Sachs on Thursday, March 1 to “Neutral”.

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

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