Darling Ingredients Inc. (NYSE:DAR) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Darling Ingredients Inc. (NYSE:DAR) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,610 shares of the company’s stock after purchasing an additional 470 shares during the quarter. State of Alaska Department of Revenue’s holdings in Darling Ingredients were worth $581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Darling Ingredients by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after purchasing an additional 203,921 shares during the last quarter. Gates Capital Management Inc. boosted its holdings in Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock valued at $224,660,000 after purchasing an additional 682,529 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Darling Ingredients by 14.0% in the 4th 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 during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 valued at $148,005,000 after acquiring an additional 2,627,785 shares during the period. Finally, FMR LLC raised its stake 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 valued at $132,049,000 after acquiring an additional 595,325 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of DAR opened at $38.22 on Friday. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The firm’s 50 day moving average price is $33.66 and its 200 day moving average price is $33.88. The company has a market cap of $6.04 billion, a P/E ratio of 35.72 and a beta of 1.18. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84.

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 the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Darling Ingredients’s quarterly revenue was down 2.8% on a year-over-year basis. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note 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 on the stock in a research note on Friday, April 25th. Citigroup reduced their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Finally, Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.