Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 40.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,530 shares of the company's stock after selling 101,292 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.09% of Darling Ingredients worth $5,103,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in DAR. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB raised its position in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after purchasing an additional 721 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $58,000. Farther Finance Advisors LLC raised its holdings in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after acquiring an additional 758 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock valued at $86,000 after acquiring an additional 687 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
Darling Ingredients Trading Down 0.6 %
Darling Ingredients stock traded down $0.20 during midday trading on Wednesday, reaching $30.64. 262,699 shares of the stock traded hands, compared to its average volume of 2,158,094. Darling Ingredients Inc. has a 12-month low of $30.03 and a 12-month high of $48.39. The company has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $37.28. The firm has a market cap of $4.87 billion, a PE ratio of 17.71 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on DAR shares. Citigroup decreased their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Stephens reaffirmed an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.75.
Check Out Our Latest Research Report on Darling Ingredients
Darling Ingredients Company Profile
(
Free Report)
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.
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