Leeward Investments LLC MA Buys 12,071 Shares of Darling Ingredients Inc. (NYSE:DAR)

Leeward Investments LLC MA grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.0% during the first quarter, Holdings Channel.com reports. The fund owned 313,917 shares of the company’s stock after purchasing an additional 12,071 shares during the quarter. Leeward Investments LLC MA’s holdings in Darling Ingredients were worth $14,600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State of Michigan Retirement System increased its stake in Darling Ingredients by 2.1% in the 1st quarter. State of Michigan Retirement System now owns 43,074 shares of the company’s stock valued at $2,003,000 after buying an additional 900 shares during the last quarter. Red Door Wealth Management LLC raised its stake in shares of Darling Ingredients by 8.8% during the 1st quarter. Red Door Wealth Management LLC now owns 78,972 shares of the company’s stock worth $3,673,000 after purchasing an additional 6,407 shares during the period. AMF Tjanstepension AB purchased a new position in shares of Darling Ingredients in the 1st quarter worth about $6,819,000. Overbrook Management Corp grew its position in Darling Ingredients by 16.1% during the first quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock valued at $11,514,000 after buying an additional 34,300 shares during the period. Finally, Riverview Trust Co purchased a new stake in Darling Ingredients during the first quarter worth about $55,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DAR. TD Cowen decreased their price target on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Scotiabank dropped their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. Stifel Nicolaus lowered their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.45.

Darling Ingredients Price Performance

NYSE DAR traded down $0.24 during trading on Thursday, reaching $36.96. The company’s stock had a trading volume of 1,200,923 shares, compared to its average volume of 2,238,489. Darling Ingredients Inc. has a one year low of $33.94 and a one year high of $71.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. The stock has a market capitalization of $5.91 billion, a PE ratio of 11.07 and a beta of 1.26. The firm has a fifty day moving average of $39.92 and a 200 day moving average of $43.07.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm earned $1.16 EPS. Darling Ingredients’s quarterly revenue was down 20.7% on a year-over-year basis. Analysts expect that Darling Ingredients Inc. will post 2.65 EPS for the current fiscal 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.