Pinebridge Investments L.P. Has $2.07 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Pinebridge Investments L.P. increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 42.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,406 shares of the company's stock after buying an additional 18,368 shares during the quarter. Pinebridge Investments L.P.'s holdings in Darling Ingredients were worth $2,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB lifted its stake in Darling Ingredients by 157.1% in the fourth 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. bought a new position in Darling Ingredients in the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. increased its position in shares of Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock worth $102,000 after acquiring an additional 712 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $145,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

DAR opened at $31.98 on Monday. 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 12-month low of $26.00 and a 12-month high of $47.28. The business has a 50 day moving average of $31.72 and a 200-day moving average of $35.50. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 18.49 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS 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 the consensus estimate of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

DAR has been the topic of several recent research reports. Robert W. Baird dropped their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday. TD Cowen reduced their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday. Finally, Stephens reiterated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.