Readystate Asset Management LP Makes New $312,000 Investment in Darling Ingredients Inc. (NYSE:DAR)

Readystate Asset Management LP bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company's stock, valued at approximately $312,000.

Several other large investors have also recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after purchasing an additional 2,627,785 shares during the period. Norges Bank bought a new stake in Darling Ingredients in the 4th quarter worth approximately $63,956,000. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after purchasing an additional 791,157 shares during the period. Franklin Resources Inc. grew its position in Darling Ingredients by 266.7% in the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after purchasing an additional 708,035 shares during the period. Finally, Gates Capital Management Inc. grew its position in Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after purchasing an additional 682,529 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DAR. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday. Robert W. Baird reissued a "neutral" rating and set a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.57.

Darling Ingredients Price Performance

Darling Ingredients stock traded up $0.13 during mid-day trading on Monday, hitting $34.44. The stock had a trading volume of 313,947 shares, compared to its average volume of 2,393,807. The firm has a market capitalization of $5.45 billion, a P/E ratio of 52.20 and a beta of 1.23. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm's 50 day moving average is $35.25 and its 200 day moving average is $34.31. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.37% and a net margin of 1.85%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

About Darling Ingredients

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.