Teacher Retirement System of Texas Invests $726,000 in Darling Ingredients Inc. (NYSE:DAR)

Teacher Retirement System of Texas bought a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,252 shares of the company's stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Treasurer of the State of North Carolina grew its position in shares of Darling Ingredients by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after buying an additional 440 shares during the period. Spire Wealth Management grew its position in shares of Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after buying an additional 468 shares during the period. State of Alaska Department of Revenue grew its position in shares of Darling Ingredients by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock worth $581,000 after buying an additional 470 shares during the period. ProShare Advisors LLC grew its position in shares of Darling Ingredients by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 7,441 shares of the company's stock worth $251,000 after buying an additional 509 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Darling Ingredients by 8.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,038 shares of the company's stock worth $220,000 after buying an additional 552 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of DAR stock traded down $0.40 on Wednesday, reaching $35.61. The company's stock had a trading volume of 1,931,345 shares, compared to its average volume of 2,255,345. The stock's fifty day simple moving average is $35.15 and its 200-day simple moving average is $34.21. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. 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 company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 33.28 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAR. Citigroup reduced their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. TD Cowen lowered their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.14.

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.