Savant Capital LLC Invests $230,000 in Darling Ingredients Inc. $DAR

Savant Capital LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,073 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds have also bought and sold shares of DAR. Gates Capital Management Inc. raised its stake in shares of Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after buying an additional 1,247,117 shares during the period. Dimensional Fund Advisors LP increased its holdings in Darling Ingredients by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after acquiring an additional 1,026,958 shares in the last quarter. American Century Companies Inc. raised its stake in Darling Ingredients by 155.5% during the 1st quarter. American Century Companies Inc. now owns 1,479,369 shares of the company’s stock worth $46,215,000 after acquiring an additional 900,461 shares during the period. AQR Capital Management LLC lifted its holdings in Darling Ingredients by 548.4% during the first quarter. AQR Capital Management LLC now owns 635,351 shares of the company’s stock valued at $19,588,000 after purchasing an additional 537,356 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new position in shares of Darling Ingredients in the first quarter worth approximately $14,651,000. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DAR shares. Bank of America initiated coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 target price on the stock. Robert W. Baird reiterated a “neutral” rating and set a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. UBS Group set a $50.00 price target on Darling Ingredients in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $44.11.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $34.12 on Thursday. The firm has a market cap of $5.40 billion, a PE ratio of 50.93, a PEG ratio of 2.35 and a beta of 1.30. The stock has a 50 day moving average of $32.32 and a 200 day moving average of $33.48. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $42.28.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. On average, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.