Darling Ingredients Inc. (NYSE:DAR) Position Increased by CenterBook Partners LP

CenterBook Partners LP increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 173.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,959 shares of the company's stock after purchasing an additional 154,076 shares during the period. CenterBook Partners LP owned 0.15% of Darling Ingredients worth $7,590,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 valued at $148,005,000 after acquiring an additional 2,627,785 shares during the last quarter. Norges Bank purchased a new position in Darling Ingredients in the 4th quarter valued at about $63,956,000. Dimensional Fund Advisors LP boosted 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 valued at $217,425,000 after buying an additional 791,157 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Darling Ingredients by 266.7% during the fourth 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 last quarter. Finally, Gates Capital Management Inc. lifted its position in shares of Darling Ingredients by 11.4% during the fourth 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 last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on DAR. Citigroup reduced their price target 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. Robert W. Baird dropped their price objective 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. TD Cowen dropped their price target 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. Finally, Jefferies Financial Group raised their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.14.

Darling Ingredients Price Performance

Shares of NYSE DAR traded up $0.22 during mid-day trading on Friday, reaching $35.85. 2,008,601 shares of the company traded hands, compared to its average volume of 2,383,364. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. The firm has a market cap of $5.67 billion, a PE ratio of 33.50 and a beta of 1.23. The stock has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $34.24.

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