Pinebridge Investments L.P. Grows Stake in Darling Ingredients Inc. (NYSE:DAR)

Pinebridge Investments L.P. raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,406 shares of the company's stock after buying an additional 18,368 shares during the quarter. Pinebridge Investments L.P.'s holdings in Darling Ingredients were worth $2,069,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Darling Ingredients by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock valued at $524,486,000 after acquiring an additional 203,921 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after purchasing an additional 791,157 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Darling Ingredients by 148.9% during 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 buying an additional 2,627,785 shares during the period. FMR LLC raised its stake in Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company's stock worth $132,049,000 after buying an additional 595,325 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Darling Ingredients by 19.2% in the fourth quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company's stock worth $80,034,000 after buying an additional 389,980 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 1.8 %

DAR stock traded up $0.59 during midday trading on Thursday, hitting $32.78. The company's stock had a trading volume of 2,204,779 shares, compared to its average volume of 2,247,732. The company has a market cap of $5.18 billion, a PE ratio of 18.95 and a beta of 1.19. The firm's 50-day moving average is $31.30 and its 200-day moving average is $35.42. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

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

Analyst Ratings Changes

A number of research analysts have weighed in on DAR shares. Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup lowered their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. TD Cowen dropped their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Robert W. Baird decreased 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 note on Friday, April 25th. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.33.

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.