Teza Capital Management LLC Trims Position in Darling Ingredients Inc. (NYSE:DAR)

Teza Capital Management LLC decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 59.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,667 shares of the company’s stock after selling 21,583 shares during the period. Teza Capital Management LLC’s holdings in Darling Ingredients were worth $494,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DAR. Barrow Hanley Mewhinney & Strauss LLC lifted its position 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 worth $148,005,000 after purchasing an additional 2,627,785 shares during the period. Norges Bank bought a new position in Darling Ingredients in the fourth quarter worth about $63,956,000. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock worth $217,425,000 after buying an additional 791,157 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Darling Ingredients by 266.7% in the fourth quarter. Franklin Resources Inc. now owns 973,556 shares of the company’s stock worth $32,799,000 after buying an additional 708,035 shares during the period. Finally, Gates Capital Management Inc. boosted its position in 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. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 3.0%

DAR opened at $34.19 on Tuesday. The stock has a 50-day moving average of $31.32 and a 200 day moving average of $35.03. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.55. The firm has a market cap of $5.41 billion, a P/E ratio of 19.76 and a beta of 1.25.

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 net margin of 4.88% and a return on equity of 6.04%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DAR. TD Cowen decreased their price objective on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup lowered their price target 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. Robert W. Baird cut their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $50.33.

Darling Ingredients Company 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.