American Century Companies Inc. Grows Position in Darling Ingredients Inc. (NYSE:DAR)

American Century Companies Inc. increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1,003.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 578,908 shares of the company's stock after acquiring an additional 526,425 shares during the period. American Century Companies Inc. owned about 0.36% of Darling Ingredients worth $19,503,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new stake in shares of Darling Ingredients during the third quarter valued at $30,545,000. Sycomore Asset Management boosted its position in Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after buying an additional 65,444 shares during the period. KBC Group NV grew its stake in Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after acquiring an additional 66,966 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after acquiring an additional 1,235,985 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $13,769,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Up 1.9 %

Shares of DAR traded up $0.61 during midday trading on Wednesday, hitting $32.86. 1,324,337 shares of the company's stock traded hands, compared to its average volume of 2,187,728. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 18.99 and a beta of 1.19. Darling Ingredients Inc. has a 1 year low of $27.20 and a 1 year high of $48.39. The firm's fifty day moving average is $34.89 and its 200-day moving average is $36.42.

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

Analyst Upgrades and Downgrades

DAR has been the topic of a number of recent research reports. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.75.

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.