GAM Holding AG Buys 15,737 Shares of Darling Ingredients Inc. (NYSE:DAR)

GAM Holding AG raised its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 102.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,067 shares of the company's stock after purchasing an additional 15,737 shares during the quarter. GAM Holding AG's holdings in Darling Ingredients were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DAR. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Darling Ingredients by 148.9% during 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 purchasing an additional 2,627,785 shares during the last quarter. Norges Bank bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $63,956,000. Dimensional Fund Advisors LP lifted its holdings in shares of Darling Ingredients by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after acquiring an additional 791,157 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Darling Ingredients by 266.7% in the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after acquiring an additional 708,035 shares during the last quarter. Finally, Gates Capital Management Inc. lifted its holdings in shares of Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after acquiring an additional 682,529 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 0.1%

Shares of NYSE DAR opened at $38.58 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The firm's fifty day moving average is $32.84 and its 200 day moving average is $33.82. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 36.05 and a beta of 1.18.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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. Robert W. Baird lowered their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. 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. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

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.

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