Invesco LLC Raises Holdings in Darling Ingredients Inc. (NYSE:DAR)

Invesco LLC grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,556 shares of the company’s stock after buying an additional 507 shares during the period. Invesco LLC’s holdings in Darling Ingredients were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in Darling Ingredients by 14.7% during the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock worth $96,000 after purchasing an additional 247 shares in the last quarter. Signaturefd LLC lifted its holdings in Darling Ingredients by 34.2% during the 4th quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock worth $54,000 after purchasing an additional 275 shares in the last quarter. Caprock Group LLC lifted its holdings in Darling Ingredients by 4.3% during the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock worth $311,000 after purchasing an additional 277 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Darling Ingredients by 6.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock worth $229,000 after purchasing an additional 278 shares in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded down $0.28 during trading on Tuesday, hitting $37.15. 1,748,988 shares of the stock traded hands, compared to its average volume of 2,242,013. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 11.12 and a beta of 1.26. The firm’s fifty day moving average is $38.11 and its 200-day moving average is $41.87. Darling Ingredients Inc. has a 52 week low of $33.94 and a 52 week high of $71.60.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data 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 firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $1.16 earnings per share. Darling Ingredients’s revenue for the quarter was down 20.7% compared to the same quarter last year. Research analysts expect that Darling Ingredients Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.