Overbrook Management Corp acquired a new position in shares of Darling Ingredients Inc (NYSE:DAR) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,692,212 shares of the company’s stock, valued at approximately $46,575,000. Darling Ingredients comprises about 9.6% of Overbrook Management Corp’s holdings, making the stock its largest position. Overbrook Management Corp owned approximately 1.64% of Darling Ingredients as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Brenner West Capital Advisors LP acquired a new stake in shares of Darling Ingredients during the 4th quarter valued at about $37,601,000. Impax Asset Management LTD boosted its position in shares of Darling Ingredients by 46.3% during the 4th quarter. Impax Asset Management LTD now owns 1,880,000 shares of the company’s stock valued at $34,084,000 after acquiring an additional 595,000 shares in the last quarter. Millennium Management LLC boosted its position in shares of Darling Ingredients by 45.5% during the 4th quarter. Millennium Management LLC now owns 1,878,742 shares of the company’s stock valued at $34,062,000 after acquiring an additional 587,645 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Darling Ingredients by 13.6% during the 4th quarter. Earnest Partners LLC now owns 4,524,951 shares of the company’s stock valued at $82,037,000 after acquiring an additional 540,447 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Darling Ingredients by 1.8% during the 4th quarter. BlackRock Inc. now owns 20,938,002 shares of the company’s stock valued at $379,606,000 after acquiring an additional 380,289 shares in the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BMO Capital Markets downgraded shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. TheStreet raised shares of Darling Ingredients from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Darling Ingredients in a report on Thursday, March 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.71.
Shares of Darling Ingredients opened at $18.78 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $3.08 billion, a P/E ratio of 78.25 and a beta of 1.42. Darling Ingredients Inc has a 12-month low of $15.44 and a 12-month high of $19.50. The company has a quick ratio of 1.18, a current ratio of 1.92 and a debt-to-equity ratio of 0.72.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.48. The company had revenue of $875.40 million for the quarter, compared to analyst estimates of $884.83 million. Darling Ingredients had a net margin of 6.01% and a return on equity of 5.75%. The company’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. equities research analysts expect that Darling Ingredients Inc will post 1.13 EPS for the current fiscal year.
Darling Ingredients Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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