Yacktman Asset Management LP Has $49.44 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Yacktman Asset Management LP raised its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,582,461 shares of the company's stock after acquiring an additional 28,643 shares during the quarter. Yacktman Asset Management LP owned about 1.00% of Darling Ingredients worth $49,436,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DAR. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Darling Ingredients by 148.9% in 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 acquiring an additional 2,627,785 shares during the period. Norges Bank bought a new position in shares of Darling Ingredients during the fourth quarter worth approximately $63,956,000. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 14.0% during the fourth 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 during the period. Franklin Resources Inc. increased its holdings in shares of Darling Ingredients by 266.7% during the fourth quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after purchasing an additional 708,035 shares during the period. Finally, Gates Capital Management Inc. increased its holdings in shares of Darling Ingredients by 11.4% during the fourth 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 during the period. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DAR. Jefferies Financial Group raised their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday. Citigroup lowered their target price 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 shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Price Performance

Darling Ingredients stock traded down $0.54 during mid-day trading on Wednesday, reaching $37.18. The company had a trading volume of 2,187,902 shares, compared to its average volume of 2,247,235. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The company has a market cap of $5.88 billion, a P/E ratio of 34.75 and a beta of 1.23. The business has a fifty day simple moving average of $34.70 and a 200 day simple moving average of $34.09.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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). Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The business's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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.