Bfsg LLC Grows Position in Darling Ingredients Inc. (NYSE:DAR)

Bfsg LLC grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 23.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,300 shares of the company’s stock after purchasing an additional 1,595 shares during the period. Bfsg LLC’s holdings in Darling Ingredients were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DAR. Vanguard Group Inc. raised its stake in Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after buying an additional 203,921 shares during the last quarter. Gates Capital Management Inc. grew its stake in shares of Darling Ingredients by 11.4% in the fourth 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock valued at $217,425,000 after acquiring an additional 791,157 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Darling Ingredients by 148.9% in 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 last quarter. Finally, FMR LLC raised its position in shares of Darling Ingredients by 17.9% in the 4th quarter. FMR LLC now owns 3,919,542 shares of the company’s stock worth $132,049,000 after purchasing an additional 595,325 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Up 0.1%

Shares of Darling Ingredients stock opened at $38.63 on Wednesday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The company’s 50 day moving average is $32.28 and its 200 day moving average is $33.81. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 36.10 and a beta of 1.18.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. Darling Ingredients’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

DAR has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. TD Cowen reduced their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird lowered their price objective on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Darling Ingredients Company Profile

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.