Teton Advisors Inc. increased its holdings in Darling Ingredients Inc (NYSE:DAR) by 55.2% during the fourth quarter, HoldingsChannel reports. The firm owned 72,000 shares of the company’s stock after acquiring an additional 25,600 shares during the quarter. Teton Advisors Inc.’s holdings in Darling Ingredients were worth $1,305,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Harrington Investments INC purchased a new position in Darling Ingredients in the 3rd quarter worth approximately $185,000. Schwab Charles Investment Management Inc. lifted its holdings in Darling Ingredients by 7.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,281,917 shares of the company’s stock worth $22,460,000 after purchasing an additional 89,534 shares in the last quarter. NFC Investments LLC lifted its holdings in Darling Ingredients by 3.2% in the 2nd quarter. NFC Investments LLC now owns 562,220 shares of the company’s stock worth $8,849,000 after purchasing an additional 17,315 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Darling Ingredients by 1,549.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 67,881 shares of the company’s stock worth $1,189,000 after purchasing an additional 63,766 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Darling Ingredients by 174.6% in the 3rd quarter. Wells Fargo & Company MN now owns 366,517 shares of the company’s stock worth $6,422,000 after purchasing an additional 233,040 shares in the last quarter. 97.62% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on DAR shares. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, October 11th. Roth Capital set a $20.00 price target on Darling Ingredients and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Canaccord Genuity boosted their price target on Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.33.
Shares of Darling Ingredients Inc (NYSE DAR) opened at $18.52 on Monday. The stock has a market capitalization of $3,049.91, a P/E ratio of 47.49 and a beta of 1.48. Darling Ingredients Inc has a twelve month low of $12.12 and a twelve month high of $19.50. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. equities research analysts predict that Darling Ingredients Inc will post 0.22 earnings per share for the current fiscal year.
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Darling Ingredients Company Profile
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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