Bfsg LLC Boosts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Bfsg LLC lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 23.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,300 shares of the company’s stock after acquiring an additional 1,595 shares during the quarter. Bfsg LLC’s holdings in Darling Ingredients were worth $259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $25,000. UMB Bank n.a. increased its stake in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after purchasing an additional 1,373 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after purchasing an additional 1,038 shares during the period. First Horizon Advisors Inc. raised its position in shares of Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after purchasing an additional 712 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Darling Ingredients during the 4th quarter valued at $109,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 0.1%

Shares of DAR stock opened at $38.63 on Wednesday. The company’s fifty day simple moving average is $32.28 and its two-hundred day simple moving average is $33.81. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The stock has a market cap of $6.11 billion, a P/E ratio of 36.10 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 posted its earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Darling Ingredients’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Darling Ingredients Profile

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.