Yacktman Asset Management LP Acquires 28,643 Shares of Darling Ingredients Inc. (NYSE:DAR)

Yacktman Asset Management LP boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,582,461 shares of the company’s stock after buying an additional 28,643 shares during the period. Yacktman Asset Management LP owned approximately 1.00% of Darling Ingredients worth $49,436,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC increased its position in shares of Darling Ingredients by 16.5% during the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company’s stock valued at $6,835,000 after purchasing an additional 30,952 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Darling Ingredients by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock valued at $953,000 after purchasing an additional 4,933 shares during the period. AXQ Capital LP bought a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $735,000. GAMMA Investing LLC increased its position in shares of Darling Ingredients by 6,187.6% during the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company’s stock valued at $2,063,000 after purchasing an additional 63,423 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Darling Ingredients by 14.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company’s stock valued at $4,821,000 after purchasing an additional 19,113 shares during the period. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research reports. Citigroup lowered their price objective on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Robert W. Baird lowered their price objective on 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 Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Jefferies Financial Group boosted their price target on Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.00.

Darling Ingredients Stock Down 0.3%

Shares of Darling Ingredients stock opened at $37.72 on Wednesday. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The business has a 50-day moving average of $34.70 and a two-hundred day moving average of $34.09. The company has a market capitalization of $5.97 billion, a P/E ratio of 35.25 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 (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.