Sourcerock Group LLC Invests $5.05 Million in Darling Ingredients Inc. (NYSE:DAR)

Sourcerock Group LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 150,000 shares of the company's stock, valued at approximately $5,054,000. Sourcerock Group LLC owned approximately 0.09% of Darling Ingredients at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB raised its stake in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in Darling Ingredients in the 4th quarter valued at $86,000. First Horizon Advisors Inc. raised its stake in Darling Ingredients by 30.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after purchasing an additional 712 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Darling Ingredients in the 4th quarter worth $109,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Up 0.7%

DAR stock traded up $0.24 during trading on Thursday, reaching $31.74. 1,894,240 shares of the stock traded hands, compared to its average volume of 2,257,220. The business's 50 day moving average price is $31.51 and its 200-day moving average price is $34.94. 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 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market capitalization of $5.02 billion, a PE ratio of 18.34 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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). 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 4.88% and a return on equity of 6.04%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of recent research reports. TD Cowen cut their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Robert W. Baird cut their target price 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 Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup lowered their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Stephens restated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Profile

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.