Darling Ingredients Inc. (NYSE:DAR) is Gates Capital Management Inc.’s Largest Position

Gates Capital Management Inc. increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,668,443 shares of the company’s stock after buying an additional 682,529 shares during the quarter. Darling Ingredients accounts for approximately 4.2% of Gates Capital Management Inc.’s holdings, making the stock its biggest position. Gates Capital Management Inc.’s holdings in Darling Ingredients were worth $224,660,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients during the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB grew its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in Darling Ingredients in the fourth quarter worth approximately $86,000. First Horizon Advisors Inc. increased its holdings in Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after buying an additional 712 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Darling Ingredients during the fourth quarter valued at approximately $109,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Trading Up 0.5 %

Shares of DAR stock opened at $34.02 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a fifty day moving average of $30.83 and a 200-day moving average of $35.22. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.28. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 19.66 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Robert W. Baird dropped their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Citigroup lowered their price objective on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, TD Cowen decreased their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

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.