Barrow Hanley Mewhinney & Strauss LLC Grows Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 148.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,393,153 shares of the company's stock after acquiring an additional 2,627,785 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.76% of Darling Ingredients worth $148,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Erste Asset Management GmbH purchased a new position in Darling Ingredients in the third quarter valued at approximately $30,545,000. Sycomore Asset Management raised its stake in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock worth $4,743,000 after acquiring an additional 65,444 shares in the last quarter. KBC Group NV raised its stake in Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after acquiring an additional 66,966 shares in the last quarter. AXQ Capital LP purchased a new stake in Darling Ingredients in the fourth quarter valued at $735,000. Finally, Assenagon Asset Management S.A. boosted its stake in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DAR. StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday. Stephens reaffirmed an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup decreased their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.75.

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Darling Ingredients Stock Performance

Shares of DAR stock traded down $2.21 during mid-day trading on Thursday, hitting $30.92. The stock had a trading volume of 1,021,192 shares, compared to its average volume of 2,240,272. The firm has a market cap of $4.89 billion, a PE ratio of 17.87 and a beta of 1.19. The company's 50-day simple moving average is $34.85 and its 200-day simple moving average is $36.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $48.39.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Darling Ingredients Company 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.