Darling Ingredients Inc. (NYSE:DAR) Position Increased by Yacktman Asset Management LP

Yacktman Asset Management LP increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,582,461 shares of the company's stock after buying 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 quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. M&T Bank Corp boosted its position in Darling Ingredients by 3.3% during the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after purchasing an additional 286 shares during the period. Ironwood Investment Management LLC boosted its position in Darling Ingredients by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock valued at $1,414,000 after buying an additional 297 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Darling Ingredients by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock valued at $2,348,000 after buying an additional 440 shares during the last quarter. Spire Wealth Management boosted its position in Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock valued at $88,000 after buying an additional 468 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Darling Ingredients by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock valued at $581,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DAR. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Robert W. Baird cut their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Citigroup cut their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday. Finally, TD Cowen cut their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Stock Performance

DAR traded down $0.77 on Friday, hitting $37.51. 2,048,433 shares of the company's stock were exchanged, compared to its average volume of 2,252,386. The stock has a fifty day moving average of $34.91 and a two-hundred day moving average of $34.14. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The firm has a market cap of $5.93 billion, a PE ratio of 35.06 and a beta of 1.23. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

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 the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. On average, research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share 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.