California Public Employees Retirement System grew its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 7.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,373 shares of the company’s stock after purchasing an additional 20,073 shares during the period. California Public Employees Retirement System’s holdings in Darling Ingredients were worth $4,789,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cubist Systematic Strategies LLC raised its holdings in shares of Darling Ingredients by 1,549.6% during the third quarter. Cubist Systematic Strategies LLC now owns 67,881 shares of the company’s stock worth $1,189,000 after purchasing an additional 63,766 shares during the period. Earnest Partners LLC acquired a new stake in shares of Darling Ingredients during the third quarter worth $69,809,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Darling Ingredients during the third quarter worth $317,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Darling Ingredients by 12.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 486,409 shares of the company’s stock worth $8,521,000 after purchasing an additional 53,716 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of Darling Ingredients during the third quarter worth $321,000. 97.75% of the stock is currently owned by institutional investors.

Shares of Darling Ingredients Inc (NYSE:DAR) opened at $18.39 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07. Darling Ingredients Inc has a twelve month low of $11.51 and a twelve month high of $18.65. The firm has a market cap of $3,030.00, a PE ratio of 48.39 and a beta of 1.52.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The firm had revenue of $937.70 million during the quarter, compared to analyst estimates of $870.50 million. During the same period last year, the business earned $0.17 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. analysts expect that Darling Ingredients Inc will post 0.24 earnings per share for the current year.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Canaccord Genuity increased their target price on shares of Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a report on Tuesday, October 24th. JPMorgan Chase & Co. cut shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $18.00 in a report on Friday, October 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Darling Ingredients in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Darling Ingredients presently has an average rating of “Buy” and a consensus price target of $19.33.

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About Darling Ingredients

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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