World Asset Management Inc purchased a new stake in shares of Darling Ingredients Inc (NYSE:DAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,625 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently added to or reduced their stakes in DAR. Handelsbanken Fonder AB grew its position in Darling Ingredients by 168.2% during the first quarter. Handelsbanken Fonder AB now owns 3,745,089 shares of the company’s stock valued at $71,793,000 after buying an additional 2,348,733 shares during the period. Norges Bank acquired a new stake in Darling Ingredients during the fourth quarter valued at $56,100,000. AJO LP acquired a new stake in Darling Ingredients during the first quarter valued at $18,513,000. Impax Asset Management Group plc grew its position in Darling Ingredients by 15.3% during the first quarter. Impax Asset Management Group plc now owns 5,093,134 shares of the company’s stock valued at $97,099,000 after buying an additional 674,720 shares during the period. Finally, ValueAct Holdings L.P. grew its position in Darling Ingredients by 29.4% during the first quarter. ValueAct Holdings L.P. now owns 2,640,000 shares of the company’s stock valued at $50,609,000 after buying an additional 600,000 shares during the period. Institutional investors own 95.58% of the company’s stock.

NYSE:DAR opened at $27.93 on Friday. The company’s 50-day moving average price is $24.94 and its 200-day moving average price is $23.75. The company has a current ratio of 1.43, a quick ratio of 0.84 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.59 billion, a P/E ratio of 12.36 and a beta of 1.26. Darling Ingredients Inc has a twelve month low of $10.25 and a twelve month high of $29.57.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The firm had revenue of $852.84 million for the quarter, compared to the consensus estimate of $851.13 million. Darling Ingredients had a net margin of 11.24% and a return on equity of 11.70%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. On average, analysts expect that Darling Ingredients Inc will post 1.69 earnings per share for the current year.

Several research firms have issued reports on DAR. ValuEngine downgraded shares of Darling Ingredients from a “sell” rating to a “strong sell” rating in a report on Thursday, July 2nd. Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Friday, May 8th. Berenberg Bank began coverage on shares of Darling Ingredients in a report on Thursday, July 16th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.00.

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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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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