Sawtooth Solutions LLC boosted its stake in Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 106.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,257 shares of the company's stock after buying an additional 3,743 shares during the period. Sawtooth Solutions LLC's holdings in Darling Ingredients were worth $434,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. DeDora Capital Inc. acquired a new stake in Darling Ingredients in the first quarter worth $26,000. Capital Analysts LLC acquired a new stake in Darling Ingredients in the first quarter worth $39,000. AllSquare Wealth Management LLC increased its holdings in shares of Darling Ingredients by 31.2% during the first quarter. AllSquare Wealth Management LLC now owns 576 shares of the company's stock valued at $46,000 after purchasing an additional 137 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Darling Ingredients by 61.1% during the first quarter. Quadrant Capital Group LLC now owns 572 shares of the company's stock valued at $46,000 after purchasing an additional 217 shares during the period. Finally, Ellevest Inc. increased its holdings in shares of Darling Ingredients by 73.2% during the first quarter. Ellevest Inc. now owns 665 shares of the company's stock valued at $53,000 after purchasing an additional 281 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Cowen lowered their price target on Darling Ingredients to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Robert W. Baird raised their price target on Darling Ingredients from $100.00 to $109.00 in a report on Thursday, August 11th. Scotiabank initiated coverage on Darling Ingredients in a report on Thursday, September 8th. They set a "sector outperform" rating and a $101.00 price target on the stock. Raymond James lifted their target price on Darling Ingredients from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 11th. Finally, Stifel Nicolaus initiated coverage on Darling Ingredients in a report on Monday, September 12th. They set a "buy" rating and a $101.00 target price on the stock. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.22.
Darling Ingredients Trading Down 0.3 %
NYSE:DAR opened at $66.15 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. Darling Ingredients Inc. has a 1-year low of $55.71 and a 1-year high of $87.59. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 15.79 and a beta of 1.20. The stock has a fifty day simple moving average of $72.97 and a 200 day simple moving average of $73.27.
Darling Ingredients (NYSE:DAR – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.12). Darling Ingredients had a net margin of 12.56% and a return on equity of 20.34%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $1.17 EPS. The company's revenue for the quarter was up 37.6% compared to the same quarter last year. Sell-side analysts forecast that Darling Ingredients Inc. will post 5.34 earnings per share for the current year.
About Darling Ingredients
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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 ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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