iSAM Funds UK Ltd Acquires New Position in Darling Ingredients Inc. (NYSE:DAR)

iSAM Funds UK Ltd acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, Holdings Channel reports. The fund acquired 9,316 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Darling Ingredients by 148.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock worth $148,005,000 after purchasing an additional 2,627,785 shares during the period. Norges Bank purchased a new position in Darling Ingredients in the 4th quarter valued at $63,956,000. Dimensional Fund Advisors LP lifted its holdings in Darling Ingredients by 14.0% in 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. Franklin Resources Inc. raised its holdings in shares of Darling Ingredients by 266.7% during the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company’s stock worth $32,799,000 after acquiring an additional 708,035 shares during the period. Finally, Gates Capital Management Inc. raised its holdings in shares of Darling Ingredients by 11.4% during the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock worth $224,660,000 after acquiring an additional 682,529 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $33.81 on Wednesday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a market cap of $5.35 billion, a PE ratio of 19.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The business has a 50-day simple moving average of $31.43 and a 200-day simple moving average of $35.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly 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 during 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 business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. On average, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DAR shares. Robert W. Baird reduced their price target on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Citigroup dropped their target price 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 Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

About Darling Ingredients

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.