Boothbay Fund Management LLC Acquires New Position in Darling Ingredients Inc. (NYSE:DAR)

Boothbay Fund Management LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,283 shares of the company's stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients during the 4th quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after purchasing an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $86,000. First Horizon Advisors Inc. grew its position in Darling Ingredients by 30.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in Darling Ingredients during the 4th quarter worth $145,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Stephens reissued an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup dropped their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. TD Cowen reduced their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Finally, Robert W. Baird lowered their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.33.

Darling Ingredients Price Performance

NYSE:DAR traded down $0.04 during mid-day trading on Monday, hitting $32.52. 1,338,409 shares of the company's stock traded hands, compared to its average volume of 2,251,683. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $47.28. The company has a market cap of $5.14 billion, a PE ratio of 18.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm's 50 day simple moving average is $30.97 and its 200 day simple moving average is $35.32.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.