Texas Permanent School Fund Corp Has $6.49 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Texas Permanent School Fund Corp raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,516 shares of the company’s stock after purchasing an additional 1,763 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Darling Ingredients were worth $6,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Darling Ingredients by 1,412.1% in the fourth 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 bought a new position in shares of Darling Ingredients during the first quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. Stone House Investment Management LLC boosted its stake in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Finally, Headlands Technologies LLC grew its position in Darling Ingredients by 483.8% during the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock worth $40,000 after buying an additional 658 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAR. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, June 12th. TD Cowen reduced their price objective on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Stifel Nicolaus dropped their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Finally, Scotiabank lowered their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.45.

Darling Ingredients Trading Down 0.4 %

Shares of Darling Ingredients stock traded down $0.15 on Friday, hitting $37.83. The stock had a trading volume of 87,846 shares, compared to its average volume of 2,261,317. The stock has a 50 day moving average of $39.27 and a 200 day moving average of $42.63. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.67. Darling Ingredients Inc. has a twelve month low of $33.94 and a twelve month high of $71.60. The firm has a market capitalization of $6.04 billion, a P/E ratio of 11.37 and a beta of 1.26.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. Darling Ingredients’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. Sell-side analysts expect that Darling Ingredients Inc. will post 2.65 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.