Schechter Investment Advisors LLC Raises Stake in Darling Ingredients Inc. (NYSE:DAR)

Schechter Investment Advisors LLC grew its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 85.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,667 shares of the company's stock after buying an additional 27,092 shares during the quarter. Schechter Investment Advisors LLC's holdings in Darling Ingredients were worth $1,976,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after buying an additional 721 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $58,000. Farther Finance Advisors LLC boosted its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after buying an additional 758 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock valued at $86,000 after buying an additional 687 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of DAR stock traded down $1.73 during mid-day trading on Monday, reaching $34.36. The stock had a trading volume of 1,794,408 shares, compared to its average volume of 2,143,975. The company has a market cap of $5.46 billion, a P/E ratio of 19.86 and a beta of 1.21. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39. The business has a 50-day simple moving average of $36.56 and a 200 day simple moving average of $37.63.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stephens reissued an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their price objective 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 investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $52.75.

About Darling Ingredients

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.