Goldman Sachs Group Inc. Boosts Stake in Darling Ingredients Inc. (NYSE:DAR)

Goldman Sachs Group Inc. grew its stake in Darling Ingredients Inc. (NYSE:DAR) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,595,089 shares of the company’s stock after acquiring an additional 213,763 shares during the quarter. Goldman Sachs Group Inc. owned about 1.00% of Darling Ingredients worth $79,499,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Darling Ingredients by 1,412.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter worth approximately $29,000. Stone House Investment Management LLC lifted its position in Darling Ingredients by 100.0% during the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Headlands Technologies LLC boosted its stake in Darling Ingredients by 483.8% in the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock valued at $40,000 after acquiring an additional 658 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new position in Darling Ingredients in the fourth quarter worth $50,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $35.52 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a 12-month low of $34.83 and a 12-month high of $71.60. The business’s 50 day moving average is $42.18 and its two-hundred day moving average is $44.09. The company has a market capitalization of $5.68 billion, a P/E ratio of 10.63 and a beta of 1.26.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share 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 analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. Analysts expect that Darling Ingredients Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. Scotiabank cut their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Wednesday, June 12th. BMO Capital Markets cut their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price target on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $68.45.

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.