On Tuesday, Shares of Darling Ingredients Inc (NYSE:DAR), added 0.07% and closed at $13.54 in the last trading session. The last trading range of the stock ranges between $13.49 and $13.81. The company’s Market capitalization is $2.23 Billion with the total Outstanding Shares of 164.60 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.78 and reached to max level of $15.93. The EPS of company is strolling at 0.88. Darling Ingredients Inc. (DAR), a global leader in converting edible and inedible bio-nutrient streams into a wide range of ingredients and specialty products for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries, recently declared financial results for the third quarter ending October 1, 2016.
For the third quarter of 2016, the Company stated net sales of $853.9 million, as contrast with net sales of $853.8 million for the third quarter of 2015. Net income attributable to Darling for the three months ended October 1, 2016 was $28.7 million, or $0.17 per diluted share, contrast to a net loss of ($9.1) million, or ($0.06) per diluted share, for the third quarter of 2015. The increase in net income is mainly attributable to higher earnings from DGD because of the inclusion of the blenders’ tax credit which was not available as of the end of the third quarter of 2015, higher Renewable Identification Number (“RIN”) values, and an income tax benefit. Adjusted EBITDA for Darling for the three months ended October 1, 2016 was $106.2 million contrast to Adjusted EBITDA of $106.1 million for the three months ended October 3, 2015.
Shares of Plains GP Holdings LP (NYSE:PAGP), jumped 176.25% and closed at $34.01 in the last trading session. The last trading range of the stock ranges between $12.57 and $12.82. The company’s Market capitalization is $22.20 Billion with the total Outstanding Shares of 268.35 million. During the 52-week trading session the minimum price at which share price traded, registered at $4.72 and reached to max level of $13.74. The EPS of company is strolling at 1.31. Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) declared the closing of the transactions (the “Simplification Transactions”) contemplated by the July 11, 2016 Simplification Agreement reached by such parties and certain associated entities (the “Simplification Agreement”). In satisfaction of one of the conditions to the closing of the Simplification Transactions, PAGP also declared that, at a special meeting of limited partners of PAGP held recently, holders of about 579.8 million Class A and Class B shares, or about 99.9% of the number of Class A and Class B shares that voted at such meeting representing about 90.3% of the aggregate number of Class A and Class B shares outstanding and entitled to vote as of the September 30, 2016 record date for such meeting, voted in favor of a proposal to approve the Simplification Agreement and the Simplification Transactions. In addition, 99.8% of the Class A shares that voted at such meeting voted in favor of such proposal, which shares constituted about 77.2% of the aggregate number of Class A shares outstanding and entitled to vote as of such record date.