Peregrine Capital Management LLC lifted its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,486 shares of the company’s stock after purchasing an additional 2,920 shares during the quarter. Peregrine Capital Management LLC’s holdings in Darling Ingredients were worth $5,010,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC boosted its position in shares of Darling Ingredients by 4,263.0% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 28,979,183 shares of the company’s stock worth $627,079,000 after purchasing an additional 28,314,976 shares in the last quarter. State Street Corp raised its holdings in shares of Darling Ingredients by 5.2% in the 1st quarter. State Street Corp now owns 5,243,300 shares of the company’s stock worth $100,514,000 after acquiring an additional 260,721 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Darling Ingredients by 15.3% in the 1st quarter. Impax Asset Management Group plc now owns 5,093,134 shares of the company’s stock worth $97,099,000 after acquiring an additional 674,720 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Darling Ingredients by 168.2% in the 1st quarter. Handelsbanken Fonder AB now owns 3,745,089 shares of the company’s stock worth $71,793,000 after acquiring an additional 2,348,733 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Darling Ingredients by 12.2% in the 1st quarter. Jennison Associates LLC now owns 2,811,787 shares of the company’s stock worth $53,902,000 after acquiring an additional 304,688 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors.
NYSE:DAR opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.84 and a current ratio of 1.43. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 12.36 and a beta of 1.26. Darling Ingredients Inc has a 52 week low of $10.25 and a 52 week high of $29.57. The firm has a 50-day moving average price of $24.94 and a two-hundred day moving average price of $23.75.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The firm had revenue of $852.84 million during the quarter, compared to analyst estimates of $851.13 million. Darling Ingredients had a net margin of 11.24% and a return on equity of 11.70%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. As a group, sell-side analysts forecast that Darling Ingredients Inc will post 1.69 earnings per share for the current year.
DAR has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. ValuEngine lowered shares of Darling Ingredients from a “sell” rating to a “strong sell” rating in a report on Thursday, July 2nd. Berenberg Bank initiated coverage on shares of Darling Ingredients in a report on Thursday, July 16th. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Friday, May 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.00.
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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