Wellington Management Group LLP Grows Stake in Darling Ingredients Inc. (NYSE:DAR)

Wellington Management Group LLP raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 825,472 shares of the company's stock after purchasing an additional 24,489 shares during the period. Wellington Management Group LLP owned 0.52% of Darling Ingredients worth $27,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB lifted its holdings in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after buying an additional 721 shares during the period. Palouse Capital Management Inc. acquired a new position in shares of Darling Ingredients in the 4th quarter worth approximately $86,000. First Horizon Advisors Inc. lifted its stake in shares of 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 period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Darling Ingredients in the 4th quarter valued at $109,000. Institutional investors own 94.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Citigroup lowered their price target 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. Robert W. Baird lowered 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. Finally, TD Cowen cut their price target 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Stock Up 0.7%

Shares of NYSE:DAR traded up $0.23 during trading on Wednesday, hitting $30.96. The stock had a trading volume of 570,676 shares, compared to its average volume of 2,157,818. The company has a market capitalization of $4.90 billion, a PE ratio of 17.90 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm's fifty day moving average is $31.68 and its 200 day moving average is $34.34. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.50 EPS. Darling Ingredients's revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.