GSA Capital Partners LLP bought a new stake in Darling Ingredients Inc (NYSE:DAR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 35,848 shares of the company’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $766,000. Envestnet Asset Management Inc. increased its position in shares of Darling Ingredients by 9.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 233,507 shares of the company’s stock valued at $3,016,000 after buying an additional 19,303 shares during the last quarter. Tyers Asset Management LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $146,000. Capstone Investment Advisors LLC increased its position in shares of Darling Ingredients by 85.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 56,793 shares of the company’s stock valued at $733,000 after buying an additional 26,143 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $691,000. 95.29% of the stock is owned by hedge funds and other institutional investors.

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

Darling Ingredients Inc (NYSE:DAR) opened at 14.46 on Tuesday. Darling Ingredients Inc has a 1-year low of $11.51 and a 1-year high of $15.93. The stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $13.33. The firm has a market cap of $2.38 billion, a P/E ratio of 23.32 and a beta of 1.76.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Tuesday, February 28th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. Darling Ingredients had a return on equity of 7.34% and a net margin of 4.40%. The business earned $887.27 million during the quarter, compared to the consensus estimate of $841.45 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Darling Ingredients Inc will post $0.63 EPS for the current year.

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Several brokerages have commented on DAR. BMO Capital Markets boosted their target price on Darling Ingredients from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st. Finally, Roth Capital set a $17.00 target price on Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.67.

About Darling Ingredients

Darling Ingredients Inc, formerly Darling International Inc, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries.

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