Bank of Montreal Can Acquires 45,075 Shares of Darling Ingredients Inc. (NYSE:DAR)

Bank of Montreal Can raised its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,327 shares of the company's stock after purchasing an additional 45,075 shares during the quarter. Bank of Montreal Can owned 0.10% of Darling Ingredients worth $5,300,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB boosted its stake 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 purchasing an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $86,000. First Horizon Advisors Inc. raised its stake in Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock worth $102,000 after buying an additional 712 shares during the last quarter. Finally, Avanza Fonder AB acquired a new position in Darling Ingredients in the fourth quarter valued at $145,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Up 3.1 %

Shares of DAR traded up $0.94 on Friday, reaching $30.71. The company's stock had a trading volume of 1,939,548 shares, compared to its average volume of 2,245,786. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28. The stock has a market capitalization of $4.86 billion, a PE ratio of 17.75 and a beta of 1.19. 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 firm has a fifty day moving average of $32.93 and a 200-day moving average of $35.76.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating 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%. Equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday. Stephens reissued an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. TD Cowen cut their target price on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Finally, Citigroup dropped their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.78.

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.