Quantitative Investment Management LLC purchased a new stake in Darling Ingredients Inc (NYSE:DAR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 63,300 shares of the company’s stock, valued at approximately $1,147,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Earnest Partners LLC acquired a new position in shares of Darling Ingredients in the third quarter valued at about $69,809,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Darling Ingredients by 1,090.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after purchasing an additional 3,825,542 shares during the period. Brenner West Capital Advisors LP acquired a new position in shares of Darling Ingredients in the fourth quarter valued at about $37,601,000. Walthausen & Co. LLC acquired a new position in shares of Darling Ingredients in the third quarter valued at about $20,579,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Darling Ingredients by 574.2% in the third quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock valued at $20,553,000 after purchasing an additional 999,091 shares during the period. Institutional investors own 99.94% of the company’s stock.
DAR has been the topic of a number of research reports. Goldman Sachs reissued a “neutral” rating on shares of Darling Ingredients in a report on Thursday, March 1st. Zacks Investment Research lowered Darling Ingredients from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BMO Capital Markets lowered Darling Ingredients from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Finally, TheStreet lowered Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.71.
Shares of DAR stock opened at $17.81 on Wednesday. The company has a market capitalization of $2,932.88, a PE ratio of 23.13 and a beta of 1.43. Darling Ingredients Inc has a 1-year low of $14.00 and a 1-year high of $19.50. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.
Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, February 27th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million. Darling Ingredients had a return on equity of 1.82% and a net margin of 3.50%. analysts predict that Darling Ingredients Inc will post 1 EPS for the current year.
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About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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