Ardsley Advisory Partners grew its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 71.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Ardsley Advisory Partners’ holdings in Darling Ingredients were worth $1,088,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of DAR. Earnest Partners LLC bought a new position in Darling Ingredients during the third quarter worth about $69,809,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Darling Ingredients by 1,090.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock worth $73,168,000 after purchasing an additional 3,825,542 shares during the period. Brenner West Capital Advisors LP bought a new position in Darling Ingredients during the fourth quarter worth about $37,601,000. Walthausen & Co. LLC bought a new position in Darling Ingredients during the third quarter worth about $20,579,000. Finally, New York State Common Retirement Fund boosted its position in Darling Ingredients by 574.2% during the third quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock worth $20,553,000 after purchasing an additional 999,091 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.
Darling Ingredients Inc (NYSE:DAR) opened at $18.48 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.07. Darling Ingredients Inc has a 1 year low of $13.98 and a 1 year high of $19.50. The company has a market cap of $3,040.00, a P/E ratio of 38.50 and a beta of 1.43.
A number of equities analysts have recently commented on DAR shares. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. TheStreet lowered shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Goldman Sachs Group restated a “neutral” rating and issued a $19.00 price objective on shares of Darling Ingredients in a research report on Wednesday, February 28th. Finally, BMO Capital Markets lowered shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $19.00 to $20.00 in a research report on Thursday, March 1st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $19.71.
About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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