Firetrail Investments PTY Ltd. Boosts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Firetrail Investments PTY Ltd. raised its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 333,323 shares of the company’s stock after purchasing an additional 40,096 shares during the quarter. Darling Ingredients accounts for 3.4% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 16th largest position. Firetrail Investments PTY Ltd. owned approximately 0.21% of Darling Ingredients worth $11,270,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients during the 4th quarter valued at about $25,000. Blue Trust Inc. grew its stake in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth about $58,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DAR shares. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $36.06 on Friday. The company has a market capitalization of $5.73 billion, a P/E ratio of 20.84 and a beta of 1.21. The business’s 50 day moving average is $36.56 and its two-hundred day moving average is $37.67. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.