Bridgewater Associates LP Makes New $12.55 Million Investment in Darling Ingredients Inc. (NYSE:DAR)

Bridgewater Associates LP acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 372,416 shares of the company's stock, valued at approximately $12,547,000. Bridgewater Associates LP owned about 0.23% of Darling Ingredients at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DAR. Heck Capital Advisors LLC purchased a new position in Darling Ingredients in the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB raised its holdings 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 worth $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. bought a new position in Darling Ingredients during the fourth quarter valued at $86,000. First Horizon Advisors Inc. raised its stake in shares of Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of Darling Ingredients during the 4th quarter worth $145,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

DAR traded up $0.70 during midday trading on Tuesday, hitting $30.97. The stock had a trading volume of 326,548 shares, compared to its average volume of 2,216,520. The company has a market cap of $4.90 billion, a P/E ratio of 17.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $47.28. The business has a fifty day moving average of $32.53 and a 200 day moving average of $35.66.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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 net margin of 4.88% and a return on equity of 6.04%. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on DAR. Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. TD Cowen reduced their price target on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Robert W. Baird cut their price objective on shares of Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.78.

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.