GAMMA Investing LLC increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 6,187.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,448 shares of the company's stock after buying an additional 63,423 shares during the quarter. GAMMA Investing LLC's holdings in Darling Ingredients were worth $2,063,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Darling Ingredients by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 825,472 shares of the company's stock valued at $27,810,000 after purchasing an additional 24,489 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Darling Ingredients by 49.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,101 shares of the company's stock worth $340,000 after acquiring an additional 3,323 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the fourth quarter worth approximately $25,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Darling Ingredients during the fourth quarter worth approximately $1,021,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of 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 worth $148,005,000 after acquiring an additional 2,627,785 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.
Darling Ingredients Price Performance
DAR stock opened at $35.99 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The stock has a market capitalization of $5.69 billion, a PE ratio of 20.81 and a beta of 1.18. The company's 50-day moving average is $31.89 and its 200-day moving average is $33.88.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company's revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.
Wall Street Analyst Weigh In
DAR has been the subject of several recent research reports. Robert W. Baird cut their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup reduced 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. Finally, TD Cowen cut their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $46.00.
Check Out Our Latest Report on DAR
About Darling Ingredients
(
Free Report)
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.
Further Reading
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