Cornerstone Investment Partners LLC Makes New $255,000 Investment in Darling Ingredients Inc. (NYSE:DAR)

Cornerstone Investment Partners LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,147 shares of the company's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Darling Ingredients by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,099,399 shares of the company's stock valued at $37,039,000 after buying an additional 19,343 shares during the last quarter. Atria Investments Inc increased its position in shares of Darling Ingredients by 9.1% in the fourth quarter. Atria Investments Inc now owns 24,384 shares of the company's stock valued at $821,000 after acquiring an additional 2,039 shares during the last quarter. M&T Bank Corp increased its position in shares of Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock valued at $303,000 after acquiring an additional 286 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Darling Ingredients during the fourth quarter worth about $423,000. Finally, Raymond James Financial Inc. acquired a new position in Darling Ingredients during the fourth quarter valued at approximately $13,769,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Robert W. Baird cut their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Citigroup lowered their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. TD Cowen dropped their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. 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 equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Price Performance

NYSE:DAR traded down $0.68 during trading hours on Friday, reaching $37.60. 1,086,484 shares of the company were exchanged, compared to its average volume of 2,398,361. The business has a 50 day moving average of $34.91 and a 200 day moving average of $34.14. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year 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 company has a market capitalization of $5.95 billion, a P/E ratio of 35.14 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion during 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 firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. Research analysts forecast 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.