Firetrail Investments PTY Ltd. Grows Position in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Firetrail Investments PTY Ltd. increased its stake in Darling Ingredients by 3.5% in the first quarter, owning approximately 345,144 shares valued at $10.9 million.
• Analysts have mixed opinions on Darling Ingredients, with ratings ranging from a "hold" to a "strong-buy", and an average price target of $46.14.
• Darling Ingredients reported a net margin of 3.02% and revenue of $1.48 billion for the quarter, missing expectations for both EPS and revenue.

Firetrail Investments PTY Ltd. boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,144 shares of the company's stock after acquiring an additional 11,821 shares during the period. Darling Ingredients accounts for 3.2% of Firetrail Investments PTY Ltd.'s portfolio, making the stock its 17th largest holding. Firetrail Investments PTY Ltd. owned approximately 0.22% of Darling Ingredients worth $10,899,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in DAR. Barrow Hanley Mewhinney & Strauss LLC boosted its stake 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 valued at $148,005,000 after acquiring an additional 2,627,785 shares in the last quarter. Norges Bank purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $63,956,000. Dimensional Fund Advisors LP raised its position in shares of Darling Ingredients by 14.0% during 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 last quarter. Franklin Resources Inc. grew its holdings 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 buying an additional 708,035 shares in the last quarter. Finally, Gates Capital Management Inc. boosted its stake in 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 buying an additional 682,529 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded up $0.07 on Monday, reaching $34.38. 1,402,833 shares of the stock were exchanged, compared to its average volume of 2,400,798. The firm has a market cap of $5.44 billion, a PE ratio of 52.09 and a beta of 1.23. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40. The firm's 50 day moving average is $35.25 and its 200-day moving average is $34.31.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 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% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. As a group, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DAR shares. Jefferies Financial Group lifted their price target on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. TD Cowen decreased their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Robert W. Baird reiterated a "neutral" rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a research note on Friday. Finally, Piper Sandler lowered their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.86.

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.