Wellington Management Group LLP Purchases 24,489 Shares of Darling Ingredients Inc. (NYSE:DAR)

Wellington Management Group LLP boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 825,472 shares of the company’s stock after buying an additional 24,489 shares during the quarter. Wellington Management Group LLP’s holdings in Darling Ingredients were worth $27,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Darling Ingredients by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after acquiring an additional 203,921 shares during the last quarter. State Street Corp increased its holdings in Darling Ingredients by 5.7% in the third quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after purchasing an additional 289,407 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock valued at $148,005,000 after purchasing an additional 2,627,785 shares during the last quarter. Geode Capital Management LLC lifted its stake in Darling Ingredients by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after buying an additional 36,618 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Darling Ingredients by 19.2% during the fourth quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company’s stock worth $80,034,000 after buying an additional 389,980 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Down 1.4 %

Shares of NYSE:DAR opened at $28.81 on Tuesday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 16.65 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $27.02 and a 12 month high of $48.39. The company’s fifty day simple moving average is $34.49 and its 200 day simple moving average is $36.27. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DAR shares. TD Cowen cut their price target on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Finally, Stephens reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.