Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 49.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,101 shares of the company’s stock after acquiring an additional 3,323 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Darling Ingredients were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DAR. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Darling Ingredients by 148.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock worth $148,005,000 after buying an additional 2,627,785 shares during the last quarter. Norges Bank acquired a new stake in shares of Darling Ingredients during the 4th quarter worth $63,956,000. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock worth $217,425,000 after buying an additional 791,157 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Darling Ingredients by 266.7% during the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company’s stock worth $32,799,000 after buying an additional 708,035 shares during the last quarter. Finally, Gates Capital Management Inc. increased its holdings in shares of Darling Ingredients by 11.4% during the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock worth $224,660,000 after buying an additional 682,529 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Up 9.1%

Shares of NYSE:DAR opened at $35.99 on Friday. The firm has a fifty day moving average of $31.89 and a two-hundred day moving average of $33.83. The firm has a market capitalization of $5.69 billion, a P/E ratio of 20.81 and a beta of 1.18. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup lowered their price target on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Robert W. Baird lowered their price target on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Wall Street Zen upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Finally, TD Cowen lowered their price target on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

About Darling Ingredients

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.