Quantitative Systematic Strategies LLC raised its holdings in shares of Darling Ingredients (NYSE:DAR) by 78.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,776 shares of the company’s stock after purchasing an additional 8,241 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Darling Ingredients were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DAR. Brenner West Capital Advisors LP purchased a new stake in shares of Darling Ingredients in the fourth quarter worth about $37,601,000. Impax Asset Management LTD lifted its holdings in shares of Darling Ingredients by 46.3% in the fourth quarter. Impax Asset Management LTD now owns 1,880,000 shares of the company’s stock worth $34,084,000 after buying an additional 595,000 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Darling Ingredients by 45.5% in the fourth quarter. Millennium Management LLC now owns 1,878,742 shares of the company’s stock worth $34,062,000 after buying an additional 587,645 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Darling Ingredients by 13.6% in the fourth quarter. Earnest Partners LLC now owns 4,524,951 shares of the company’s stock worth $82,037,000 after buying an additional 540,447 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Darling Ingredients by 1.8% in the fourth quarter. BlackRock Inc. now owns 20,938,002 shares of the company’s stock worth $379,606,000 after buying an additional 380,289 shares in the last quarter. 99.96% of the stock is currently owned by institutional investors and hedge funds.
Darling Ingredients opened at $18.33 on Friday, MarketBeat reports. The company has a current ratio of 1.92, a quick ratio of 1.18 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2.91 billion, a P/E ratio of 22.65 and a beta of 1.41. Darling Ingredients has a 1-year low of $17.47 and a 1-year high of $17.71.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, May 9th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.48. The company had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $884.83 million. Darling Ingredients had a net margin of 6.01% and a return on equity of 5.75%. Darling Ingredients’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. sell-side analysts predict that Darling Ingredients will post 0.98 earnings per share for the current year.
A number of brokerages have recently issued reports on DAR. TheStreet downgraded shares of Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, March 6th. BMO Capital Markets downgraded shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Goldman Sachs reissued a “neutral” rating and issued a $19.00 price target on shares of Darling Ingredients in a report on Wednesday, February 28th. Finally, ValuEngine raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.71.
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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