Gates Capital Management Inc. boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,668,443 shares of the company's stock after buying an additional 682,529 shares during the period. Darling Ingredients comprises 4.2% of Gates Capital Management Inc.'s investment portfolio, making the stock its largest holding. Gates Capital Management Inc. owned about 4.19% of Darling Ingredients worth $224,660,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Darling Ingredients by 148.9% in the fourth 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 last quarter. Norges Bank bought a new stake in Darling Ingredients in the fourth quarter worth $63,956,000. Assenagon Asset Management S.A. increased its position in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after buying an additional 791,157 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Darling Ingredients by 266.7% in the fourth quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after buying an additional 708,035 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.
Darling Ingredients Trading Up 1.6%
DAR traded up $0.56 during trading on Tuesday, hitting $36.07. The company's stock had a trading volume of 117,394 shares, compared to its average volume of 2,247,131. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28. The stock's fifty day moving average price is $30.87 and its 200-day moving average price is $35.16. 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 has a market capitalization of $5.70 billion, a P/E ratio of 20.86 and a beta of 1.25.
Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results 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 firm 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 4.88% and a return on equity of 6.04%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. TD Cowen reduced their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Robert W. Baird dropped their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Stephens reaffirmed an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Citigroup cut their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $50.33.
Check Out Our Latest Stock Report on Darling Ingredients
About Darling Ingredients
(
Free Report)
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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