Alberta Investment Management Corp Purchases New Position in Darling Ingredients Inc. (NYSE:DAR)

Alberta Investment Management Corp purchased a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,760 shares of the company's stock, valued at approximately $1,070,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at about $25,000. Signaturefd LLC lifted its holdings in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after buying an additional 386 shares during the last quarter. Blue Trust Inc. grew its position in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after acquiring an additional 288 shares in the last quarter. 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. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $58,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DAR shares. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup lowered their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and a consensus target price of $53.22.

Darling Ingredients Stock Down 2.7 %

Shares of DAR traded down $1.08 during mid-day trading on Tuesday, reaching $38.30. The company's stock had a trading volume of 546,961 shares, compared to its average volume of 2,145,521. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 22.12 and a beta of 1.21. The business has a fifty day moving average of $36.32 and a 200 day moving average of $37.66. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.