Teacher Retirement System of Texas Invests $726,000 in Darling Ingredients Inc. (NYSE:DAR)

Teacher Retirement System of Texas acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the first quarter, HoldingsChannel reports. The fund acquired 23,252 shares of the company’s stock, valued at approximately $726,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Peregrine Capital Management LLC raised its stake in Darling Ingredients by 16.5% during the 1st quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company’s stock valued at $6,835,000 after buying an additional 30,952 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Darling Ingredients by 19.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock valued at $953,000 after acquiring an additional 4,933 shares during the period. AXQ Capital LP purchased a new position in Darling Ingredients in the fourth quarter worth about $735,000. GAMMA Investing LLC grew its stake in shares of Darling Ingredients by 6,187.6% during the 1st quarter. GAMMA Investing LLC now owns 64,448 shares of the company’s stock valued at $2,063,000 after purchasing an additional 63,423 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Darling Ingredients by 14.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company’s stock valued at $4,821,000 after purchasing an additional 19,113 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Robert W. Baird dropped their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Citigroup decreased their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Wall Street Zen raised Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

Darling Ingredients Stock Down 2.0%

Shares of DAR stock opened at $36.01 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company’s fifty day moving average price is $35.15 and its 200-day moving average price is $34.21. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 33.65 and a beta of 1.23.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. Darling Ingredients’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Sell-side 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.