Southernsun Asset Management LLC Has Decreased Its Stake in Darling Ingredients INC (DAR) as Shares Rose

October 2, 2018 - By Ruchi Gupta

Darling Ingredients Inc. (NYSE:DAR) LogoInvestors sentiment decreased to 0.84 in Q2 2018. Its down 0.23, from 1.07 in 2018Q1. It is negative, as 26 investors sold DAR shares while 80 reduced holdings. 25 funds opened positions while 64 raised stakes. 162.92 million shares or 2.04% more from 159.66 million shares in 2018Q1 were reported. Hightower Advsr Limited Liability Company reported 22,616 shares. 193,119 were reported by Guggenheim Ltd Limited Liability Company. Bluefin Trading Ltd Liability Corp reported 0.06% in Darling Ingredients Inc. (NYSE:DAR). Impax Asset Management Limited reported 1.03% of its portfolio in Darling Ingredients Inc. (NYSE:DAR). Riverhead Capital Management Limited Liability Co holds 0.01% in Darling Ingredients Inc. (NYSE:DAR) or 19,004 shares. Mason Street Advsr Ltd Liability Corporation holds 47,547 shares. Amalgamated Savings Bank stated it has 24,030 shares. Laurion Mngmt Limited Partnership invested in 84,616 shares. Citadel Advsr Ltd Limited Liability Company has invested 0% in Darling Ingredients Inc. (NYSE:DAR). 24,223 were reported by Massmutual Trust Communication Fsb Adv. Aqr Capital Mgmt Ltd Limited Liability Company invested in 149,941 shares or 0% of the stock. Loomis Sayles And Lp owns 309,455 shares. Ls Inv Advisors Ltd Liability Company accumulated 5,042 shares or 0.01% of the stock. Legal And General Grp Public Ltd Com has invested 0.01% in Darling Ingredients Inc. (NYSE:DAR). Delta Mngmt Ltd accumulated 10,000 shares or 0.13% of the stock.

Southernsun Asset Management Llc decreased its stake in Darling Ingredients Inc. (DAR) by 23.51% based on its latest 2018Q2 regulatory filing with the SEC. Southernsun Asset Management Llc sold 3.20M shares as the company’s stock rose 1.00% with the market. The institutional investor held 10.42M shares of the packaged foods company at the end of 2018Q2, valued at $207.12M, down from 13.62M 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 $3.12 billion market cap company. The stock increased 0.80% or $0.15 during the last trading session, reaching $18.96. About 22,596 shares traded. Darling Ingredients Inc. (NYSE:DAR) has risen 8.38% since October 2, 2017 and is uptrending. It has underperformed by 7.24% the S&P500.

Southernsun Asset Management Llc, which manages about $5.32 billion and $3.07 billion US Long portfolio, upped its stake in Westrock Co by 100,230 shares to 1.34M shares, valued at $76.36M in 2018Q2, according to the filing.

Analysts await Darling Ingredients Inc. (NYSE:DAR) to report earnings on November, 6. They expect $0.17 EPS, up 240.00 % or $0.12 from last year’s $0.05 per share. DAR’s profit will be $27.99 million for 27.88 P/E if the $0.17 EPS becomes a reality. After $0.11 actual EPS reported by Darling Ingredients Inc. for the previous quarter, Wall Street now forecasts 54.55 % EPS growth.

Another recent and important Darling Ingredients Inc. (NYSE:DAR) news was published by Fool.com which published an article titled: “Why Valero Energy, Government Properties Income Trust, and Nutanix Slumped Today” on September 19, 2018.

Darling Ingredients Inc. (NYSE:DAR) Ratings Coverage

Among 2 analysts covering Darling Ingredients (NYSE:DAR), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Darling Ingredients had 2 analyst reports since August 10, 2018 according to SRatingsIntel. On Friday, August 10 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, August 10.

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

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