iSAM Funds UK Ltd Acquires Shares of 9,316 Darling Ingredients Inc. (NYSE:DAR)

iSAM Funds UK Ltd purchased a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,316 shares of the company's stock, valued at approximately $314,000.

Other hedge funds have also recently made changes to their positions in the company. Sycomore Asset Management grew its holdings in shares of Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock worth $4,743,000 after purchasing an additional 65,444 shares during the last quarter. KBC Group NV grew its holdings in shares of Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after purchasing an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new position in shares of Darling Ingredients in the fourth quarter worth about $735,000. Raymond James Financial Inc. bought a new position in shares of Darling Ingredients in the fourth quarter worth about $13,769,000. Finally, Perpetual Ltd grew its holdings in shares of Darling Ingredients by 2,200.7% in the fourth quarter. Perpetual Ltd now owns 477,225 shares of the company's stock worth $16,078,000 after purchasing an additional 456,482 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on DAR. StockNews.com upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Stephens restated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. 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 research note on Friday, April 25th. 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 research note on Tuesday, April 15th. Finally, 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 research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Stock Performance

DAR stock opened at $33.81 on Wednesday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 19.54 and a beta of 1.25. The firm has a 50-day simple moving average of $31.43 and a two-hundred day simple moving average of $35.02. 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 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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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