State of Wyoming Takes Position in Darling Ingredients Inc. $DAR

Key Points

• The State of Wyoming invested approximately $333,000 in Darling Ingredients Inc. by purchasing 10,667 shares in the 1st quarter.
• During the same quarter, other institutional investors also increased their stakes, with UMB Bank n.a. lifting its stake by 207.1%.
• Darling Ingredients reported a 12-month low of $26.00 and a 12-month high of $43.49, with a recent stock price of $33.94.

State of Wyoming purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,667 shares of the company's stock, valued at approximately $333,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company's stock valued at $488,654,000 after acquiring an additional 73,925 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Darling Ingredients by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock valued at $233,701,000 after acquiring an additional 1,026,958 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of Darling Ingredients by 11.4% during the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock valued at $224,660,000 after purchasing an additional 682,529 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Darling Ingredients by 148.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock valued at $148,005,000 after purchasing an additional 2,627,785 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Darling Ingredients by 0.9% during the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company's stock valued at $127,535,000 after purchasing an additional 36,085 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

DAR traded up $0.50 during trading on Friday, hitting $32.07. The stock had a trading volume of 1,724,585 shares, compared to its average volume of 2,106,425. The firm has a market cap of $5.07 billion, a PE ratio of 48.59 and a beta of 1.16. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a 50 day simple moving average of $34.20 and a 200-day simple moving average of $33.24.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $0.49 EPS. The business's revenue was up 1.8% compared to the same quarter last year. Analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Robert W. Baird restated a "neutral" rating and set a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. assumed coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target on the stock. Finally, Jefferies Financial Group raised their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

Darling Ingredients Company 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.