Teacher Retirement System of Texas Buys 1,637 Shares of Darling Ingredients Inc. (NYSE:DAR)

Teacher Retirement System of Texas raised its stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,294 shares of the company’s stock after acquiring an additional 1,637 shares during the period. Teacher Retirement System of Texas’ holdings in Darling Ingredients were worth $5,746,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Darling Ingredients during the fourth quarter valued at about $29,000. Stone House Investment Management LLC increased its stake in Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Millburn Ridgefield Corp bought a new position in shares of Darling Ingredients during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC bought a new position in shares of Darling Ingredients in the third quarter valued at approximately $31,000. Finally, Headlands Technologies LLC increased its position in shares of Darling Ingredients by 483.8% during the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock valued at $40,000 after acquiring an additional 658 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kurt Stoffel acquired 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now owns 10,571 shares of the company’s stock, valued at $439,965.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.62% of the company’s stock.

Darling Ingredients Trading Up 0.6 %

Shares of DAR stock opened at $46.63 on Tuesday. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.96 and a beta of 1.31. The company’s fifty day simple moving average is $44.38 and its two-hundred day simple moving average is $44.58. Darling Ingredients Inc. has a 1 year low of $38.97 and a 1 year high of $71.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96.

Darling Ingredients (NYSE:DARGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was down 20.7% compared to the same quarter last year. As a group, analysts anticipate that Darling Ingredients Inc. will post 2.94 earnings per share for the current year.

Analyst Ratings Changes

DAR has been the subject of a number of recent analyst reports. Stephens reduced their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Scotiabank reduced their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. BMO Capital Markets lowered their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Stifel Nicolaus decreased their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Finally, Citigroup upped their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

View Our Latest Research Report on Darling Ingredients

Darling Ingredients Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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