Darling Ingredients Inc. (NYSE:DAR) Stake Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 54.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,552 shares of the company’s stock after acquiring an additional 5,451 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Darling Ingredients were worth $486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DAR. Barrow Hanley Mewhinney & Strauss LLC grew 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 valued at $148,005,000 after acquiring an additional 2,627,785 shares in the last quarter. Norges Bank purchased a new position in shares of Darling Ingredients during the 4th quarter valued at $63,956,000. Dimensional Fund Advisors LP grew 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 valued at $217,425,000 after acquiring an additional 791,157 shares in the last quarter. Franklin Resources Inc. grew 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 valued at $32,799,000 after acquiring an additional 708,035 shares in the last quarter. Finally, Gates Capital Management Inc. grew 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 valued at $224,660,000 after acquiring an additional 682,529 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on DAR shares. Wall Street Zen upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Robert W. Baird lowered their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. TD Cowen lowered their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, April 25th. Finally, Citigroup lowered their target price 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Darling Ingredients Stock Up 0.5%

Darling Ingredients stock opened at $39.45 on Friday. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 36.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The firm has a fifty day moving average price of $34.47 and a two-hundred day moving average price of $34.03.

Darling Ingredients (NYSE:DAR) last released 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. As a group, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.