BI Asset Management Fondsmaeglerselskab A S Buys 49,292 Shares of Darling Ingredients Inc. (NYSE:DAR)

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,477 shares of the company's stock after acquiring an additional 49,292 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.07% of Darling Ingredients worth $3,554,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sycomore Asset Management increased its holdings in shares of Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock worth $4,743,000 after buying an additional 65,444 shares during the last quarter. KBC Group NV grew its position in Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock valued at $3,509,000 after acquiring an additional 66,966 shares in the last quarter. AXQ Capital LP acquired a new position in Darling Ingredients in the 4th quarter worth $735,000. Assenagon Asset Management S.A. boosted its stake in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Darling Ingredients during the fourth quarter worth about $13,769,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of DAR stock traded up $1.53 during trading on Friday, reaching $31.98. The company had a trading volume of 3,454,963 shares, compared to its average volume of 2,263,151. The company has a market capitalization of $5.06 billion, a PE ratio of 18.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm's 50 day simple moving average is $31.92 and its two-hundred day simple moving average is $35.54. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research reports. Stephens reissued an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Robert W. Baird lowered their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, TD Cowen dropped their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.33.

About Darling Ingredients

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.