Edgestream Partners L.P. Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Edgestream Partners L.P. bought a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,100 shares of the company's stock, valued at approximately $1,097,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC increased its holdings in Darling Ingredients by 535.0% during the 1st quarter. CWM LLC now owns 10,097 shares of the company's stock valued at $315,000 after purchasing an additional 8,507 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Darling Ingredients by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 44,600 shares of the company's stock worth $1,393,000 after acquiring an additional 500 shares during the last quarter. Xponance Inc. raised its position in shares of Darling Ingredients by 2.0% during the first quarter. Xponance Inc. now owns 20,183 shares of the company's stock worth $631,000 after acquiring an additional 393 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Darling Ingredients by 1.1% during the first quarter. State of Michigan Retirement System now owns 38,074 shares of the company's stock worth $1,189,000 after acquiring an additional 400 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Darling Ingredients during the first quarter worth $255,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Citigroup reduced their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. TD Cowen reduced their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Robert W. Baird reduced their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.14.

Darling Ingredients Stock Up 0.6%

Shares of NYSE:DAR traded up $0.22 during midday trading on Friday, reaching $35.85. The company had a trading volume of 2,018,802 shares, compared to its average volume of 2,260,561. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The business's 50 day moving average price is $35.28 and its 200 day moving average price is $34.26. The stock has a market cap of $5.67 billion, a PE ratio of 33.50 and a beta of 1.23. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (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 analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. Darling Ingredients's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. 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.