Cubist Systematic Strategies LLC grew its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 1,549.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,881 shares of the company’s stock after purchasing an additional 63,766 shares during the period. Cubist Systematic Strategies LLC’s holdings in Darling Ingredients were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Darling Ingredients by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,906,079 shares of the company’s stock worth $218,881,000 after acquiring an additional 1,135,841 shares during the last quarter. FMR LLC raised its holdings in shares of Darling Ingredients by 36.4% in the 2nd quarter. FMR LLC now owns 11,212,815 shares of the company’s stock worth $176,490,000 after acquiring an additional 2,990,750 shares during the last quarter. State Street Corp raised its holdings in shares of Darling Ingredients by 2.9% in the 2nd quarter. State Street Corp now owns 4,258,577 shares of the company’s stock worth $67,028,000 after acquiring an additional 119,139 shares during the last quarter. Earnest Partners LLC acquired a new stake in shares of Darling Ingredients in the 3rd quarter worth about $69,809,000. Finally, Northern Trust Corp raised its holdings in shares of Darling Ingredients by 8.2% in the 2nd quarter. Northern Trust Corp now owns 3,459,920 shares of the company’s stock worth $54,459,000 after acquiring an additional 261,354 shares during the last quarter. Hedge funds and other institutional investors own 97.75% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird restated a “buy” rating and issued a $20.00 target price on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a report on Monday, September 25th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, October 11th. Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co downgraded shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $18.00 in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Darling Ingredients presently has a consensus rating of “Buy” and a consensus price target of $19.33.

Shares of Darling Ingredients Inc (NYSE:DAR) opened at $16.97 on Tuesday. The stock has a market cap of $2,699.14, a price-to-earnings ratio of 42.03 and a beta of 1.53. Darling Ingredients Inc has a twelve month low of $11.51 and a twelve month high of $18.65. 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 (NYSE:DAR) last announced its earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $937.70 million for the quarter, compared to the consensus estimate of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. equities analysts expect that Darling Ingredients Inc will post 0.24 earnings per share for the current year.

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Darling Ingredients Profile

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.

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

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