Peregrine Capital Management LLC Buys 30,952 Shares of Darling Ingredients Inc. (NYSE:DAR)

Peregrine Capital Management LLC raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 16.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,806 shares of the company's stock after buying an additional 30,952 shares during the period. Peregrine Capital Management LLC owned about 0.14% of Darling Ingredients worth $6,835,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $423,000. Metis Global Partners LLC boosted its position in shares of Darling Ingredients by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock worth $330,000 after purchasing an additional 406 shares during the period. Pacific Global Investment Management Co. boosted its position in shares of Darling Ingredients by 3.0% in the fourth quarter. Pacific Global Investment Management Co. now owns 41,640 shares of the company's stock worth $1,403,000 after purchasing an additional 1,199 shares during the period. LGT Group Foundation increased its stake in shares of Darling Ingredients by 3.1% in the fourth quarter. LGT Group Foundation now owns 33,796 shares of the company's stock worth $1,139,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Schechter Investment Advisors LLC raised its position in shares of Darling Ingredients by 85.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 58,667 shares of the company's stock valued at $1,976,000 after purchasing an additional 27,092 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

NYSE:DAR traded up $0.13 during trading hours on Tuesday, reaching $38.07. The stock had a trading volume of 2,695,059 shares, compared to its average volume of 2,237,530. The stock has a market capitalization of $6.02 billion, a PE ratio of 35.58 and a beta of 1.19. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The company has a 50 day moving average price of $33.81 and a two-hundred day moving average price of $33.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40.

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). The business had revenue of $1.38 billion during 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 company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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