Wells Fargo & Company MN grew its position in Darling Ingredients Inc (NYSE:DAR) by 65.4% in the fourth quarter, Holdings Channel reports. The fund owned 606,309 shares of the company’s stock after acquiring an additional 239,792 shares during the quarter. Wells Fargo & Company MN’s holdings in Darling Ingredients were worth $10,993,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in DAR. Earnest Partners LLC bought a new position in shares of Darling Ingredients in the 3rd quarter valued at $69,809,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Darling Ingredients by 1,090.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after acquiring an additional 3,825,542 shares during the last quarter. Walthausen & Co. LLC bought a new position in shares of Darling Ingredients in the 3rd quarter valued at $20,579,000. New York State Common Retirement Fund lifted its stake in shares of Darling Ingredients by 574.2% in the 3rd quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock valued at $20,553,000 after acquiring an additional 999,091 shares during the last quarter. Finally, GMT Capital Corp lifted its stake in shares of Darling Ingredients by 24.3% in the 3rd quarter. GMT Capital Corp now owns 1,480,869 shares of the company’s stock valued at $25,945,000 after acquiring an additional 289,469 shares during the last quarter. Institutional investors own 99.94% of the company’s stock.
DAR has been the subject of a number of research reports. Goldman Sachs reiterated a “neutral” rating on shares of Darling Ingredients in a research note on Thursday, March 1st. Zacks Investment Research cut Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BMO Capital Markets cut Darling Ingredients from an “outperform” rating to a “market perform” rating and increased their price target for the company from $19.00 to $20.00 in a research note on Thursday, March 1st. They noted that the move was a valuation call. Finally, TheStreet cut Darling Ingredients from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $19.71.
Darling Ingredients Inc (DAR) opened at $17.81 on Tuesday. The stock has a market capitalization of $2,962.52, a price-to-earnings ratio of 74.96 and a beta of 1.43. 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 Inc has a 12-month low of $14.00 and a 12-month high of $19.50.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Tuesday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $952.55 million during 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%. equities research analysts anticipate that Darling Ingredients Inc will post 1 earnings per share for the current year.
Darling Ingredients 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.
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.