Schonfeld Strategic Advisors LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,672 shares of the company's stock, valued at approximately $258,000.
A number of other institutional investors have also modified their holdings of DAR. Barclays PLC increased its holdings in Darling Ingredients by 32.8% during the third quarter. Barclays PLC now owns 1,332,869 shares of the company's stock valued at $49,529,000 after buying an additional 328,893 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Darling Ingredients by 18.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock worth $299,000 after purchasing an additional 1,257 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in Darling Ingredients by 142.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 13,172 shares of the company's stock worth $444,000 after purchasing an additional 7,731 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Darling Ingredients in the fourth quarter worth $219,000. Finally, Assenagon Asset Management S.A. grew its holdings in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DAR has been the topic of several analyst reports. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. TD Cowen dropped their price objective 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. Citigroup dropped their price objective 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. Finally, Robert W. Baird dropped their price objective 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $50.33.
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Darling Ingredients Stock Performance
NYSE DAR traded down $0.05 on Friday, reaching $35.28. 2,425,080 shares of the company's stock traded hands, compared to its average volume of 2,260,992. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 20.39 and a beta of 1.25. The stock has a 50 day moving average price of $31.23 and a 200-day moving average price of $35.13. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $44.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results 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). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.
Darling Ingredients Company Profile
(
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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