Firetrail Investments PTY Ltd. Raises Stake in Darling Ingredients Inc. (NYSE:DAR)

Firetrail Investments PTY Ltd. lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 333,323 shares of the company's stock after buying an additional 40,096 shares during the quarter. Darling Ingredients comprises approximately 3.4% of Firetrail Investments PTY Ltd.'s investment portfolio, making the stock its 16th largest holding. Firetrail Investments PTY Ltd. owned about 0.21% of Darling Ingredients worth $11,270,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC increased its stake in Darling Ingredients by 23.2% during the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock valued at $4,010,000 after purchasing an additional 20,323 shares in the last quarter. Algert Global LLC grew its holdings in shares of Darling Ingredients by 266.6% during the third quarter. Algert Global LLC now owns 103,871 shares of the company's stock valued at $3,860,000 after buying an additional 75,540 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients during the third quarter worth about $30,545,000. Sycomore Asset Management raised its holdings in shares of Darling Ingredients by 101.2% in 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 during the last quarter. Finally, KBC Group NV lifted its position in Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock valued at $3,509,000 after acquiring an additional 66,966 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DAR shares. Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Stephens reiterated an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average price target of $52.75.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded down $0.88 during trading on Tuesday, hitting $33.54. 284,943 shares of the stock traded hands, compared to its average volume of 2,093,143. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 19.39 and a beta of 1.21. 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 Inc. has a 52 week low of $32.55 and a 52 week high of $48.39. The firm's fifty day moving average is $36.58 and its 200-day moving average is $37.58.

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%. Research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.