Wellington Management Group LLP Acquires 24,489 Shares of Darling Ingredients Inc. (NYSE:DAR)

Wellington Management Group LLP grew its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 825,472 shares of the company's stock after purchasing an additional 24,489 shares during the quarter. Wellington Management Group LLP owned approximately 0.52% of Darling Ingredients worth $27,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. Heck Capital Advisors LLC acquired a new position in Darling Ingredients during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB increased 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 valued at $40,000 after acquiring an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $86,000. First Horizon Advisors Inc. grew its holdings 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 valued at $102,000 after purchasing an additional 712 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Darling Ingredients during the fourth quarter worth about $145,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Trading Up 1.1 %

DAR stock traded up $0.32 during mid-day trading on Friday, reaching $28.99. 1,570,322 shares of the stock traded hands, compared to its average volume of 2,246,375. The stock's fifty day moving average is $33.62 and its 200-day moving average is $35.95. The company has a market cap of $4.58 billion, a P/E ratio of 16.76 and a beta of 1.19. 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 52-week low of $26.00 and a 52-week high of $47.28.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Stephens reiterated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, TD Cowen decreased their price target on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.