Edgestream Partners L.P. Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Edgestream Partners L.P. bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,492 shares of the company’s stock, valued at approximately $1,651,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DAR. EverSource Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after acquiring an additional 466 shares during the period. Rise Advisors LLC purchased a new stake in shares of Darling Ingredients in the 1st quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $29,000. Stone House Investment Management LLC raised its stake in shares of Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the period. Finally, Headlands Technologies LLC raised its stake in shares of Darling Ingredients by 483.8% in the 4th quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock valued at $40,000 after acquiring an additional 658 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DAR shares. Stifel Nicolaus reduced their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, June 12th. Scotiabank lowered their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Finally, TD Cowen reduced their price objective on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.36.

Darling Ingredients Stock Up 0.2 %

Shares of NYSE:DAR traded up $0.06 during trading on Monday, hitting $37.47. 1,323,815 shares of the company were exchanged, compared to its average volume of 2,245,560. The stock has a market capitalization of $5.99 billion, a P/E ratio of 11.22 and a beta of 1.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. Darling Ingredients Inc. has a 12-month low of $33.94 and a 12-month high of $71.60. The firm’s 50 day moving average price is $38.26 and its 200-day moving average price is $41.93.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, research analysts predict that Darling Ingredients Inc. will post 2.55 earnings per share 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.