Vanguard Group Inc. Acquires 73,925 Shares of Darling Ingredients Inc. (NYSE:DAR)

Vanguard Group Inc. lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 0.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,641,921 shares of the company's stock after buying an additional 73,925 shares during the quarter. Vanguard Group Inc. owned approximately 9.89% of Darling Ingredients worth $488,654,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DAR. Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 buying an additional 2,627,785 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Darling Ingredients by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after purchasing an additional 791,157 shares in the last quarter. Gates Capital Management Inc. lifted its stake in Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after purchasing an additional 682,529 shares in the last quarter. Atlantic Investment Management Inc. purchased a new stake in Darling Ingredients in the 4th quarter worth $19,845,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Darling Ingredients in the 4th quarter worth about $16,939,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of DAR stock opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The company has a market capitalization of $4.90 billion, a P/E ratio of 46.91 and a beta of 1.19. The company's 50-day simple moving average is $35.25 and its two-hundred day simple moving average is $33.89. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%. Darling Ingredients's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DAR shares. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report 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. Jefferies Financial Group upped 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. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.86.

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.

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