Cwm LLC Acquires 8,507 Shares of Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Cwm LLC has increased its holdings in Darling Ingredients Inc. by 535.0%, now owning 10,097 shares valued at approximately $315,000.
• Wall Street analysts have mixed ratings on Darling Ingredients, with an average target price of $45.57, indicating a generally positive outlook.
• The company reported earnings of $0.09 EPS for the last quarter, missing estimates, while revenues were $1.48 billion, slightly below expectations.

Cwm LLC increased its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 535.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,097 shares of the company's stock after purchasing an additional 8,507 shares during the quarter. Cwm LLC's holdings in Darling Ingredients were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Darling Ingredients by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after buying an additional 203,921 shares during the period. Gates Capital Management Inc. lifted its holdings in Darling Ingredients by 11.4% in the fourth quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after buying an additional 682,529 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Darling Ingredients by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after buying an additional 791,157 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after buying an additional 2,627,785 shares during the period. Finally, FMR LLC lifted its holdings in Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company's stock worth $132,049,000 after buying an additional 595,325 shares during the period. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DAR. Robert W. Baird restated a "neutral" rating and issued a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a report on Friday. Citigroup lowered their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. TD Cowen lowered their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $45.57.

Darling Ingredients Price Performance

DAR stock opened at $34.31 on Friday. The firm has a 50 day moving average price of $35.25 and a 200-day moving average price of $34.30. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 51.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.