New York State Teachers Retirement System Decreases Stake in Darling Ingredients Inc. (NYSE:DAR)

New York State Teachers Retirement System decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,928 shares of the company’s stock after selling 16,200 shares during the period. New York State Teachers Retirement System owned 0.10% of Darling Ingredients worth $4,996,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. Barrow Hanley Mewhinney & Strauss LLC increased its stake in 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 buying an additional 2,627,785 shares during the last quarter. Norges Bank bought a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $63,956,000. Dimensional Fund Advisors LP grew its position 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 during the period. Franklin Resources Inc. grew its position 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 during the period. Finally, Gates Capital Management Inc. grew its position 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 during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 0.5%

DAR opened at $39.45 on Monday. The company has a 50 day moving average of $34.47 and a 200 day moving average of $34.03. The company has a market cap of $6.24 billion, a PE ratio of 36.87 and a beta of 1.23. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS 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 during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of research reports. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Citigroup reduced their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. TD Cowen reduced their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird reduced their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.