Lightrock Netherlands B.V. Raises Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Lightrock Netherlands B.V. grew its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 37.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,807 shares of the company's stock after acquiring an additional 90,965 shares during the period. Darling Ingredients comprises 2.8% of Lightrock Netherlands B.V.'s portfolio, making the stock its 15th largest position. Lightrock Netherlands B.V. owned 0.21% of Darling Ingredients worth $10,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp raised its stake in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after buying an additional 286 shares in the last quarter. Ironwood Investment Management LLC raised its stake in Darling Ingredients by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock worth $1,414,000 after buying an additional 297 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Darling Ingredients by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after buying an additional 440 shares in the last quarter. Spire Wealth Management raised its stake in Darling Ingredients by 19.8% in the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after buying an additional 468 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Darling Ingredients by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock worth $581,000 after buying an additional 470 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Up 0.5%

Shares of NYSE:DAR traded up $0.21 during trading on Friday, reaching $39.45. 1,578,187 shares of the stock traded hands, compared to its average volume of 2,243,699. The stock has a 50-day moving average of $34.47 and a two-hundred day moving average of $34.03. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week 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 stock has a market cap of $6.24 billion, a P/E ratio of 36.87 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DAR. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Robert W. Baird cut their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. TD Cowen cut their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Finally, Citigroup cut their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.