Bragg Financial Advisors Inc Has $10.78 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Bragg Financial Advisors Inc raised its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,065 shares of the company's stock after purchasing an additional 49,790 shares during the quarter. Bragg Financial Advisors Inc owned approximately 0.20% of Darling Ingredients worth $10,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after acquiring an additional 203,921 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Darling Ingredients by 148.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after buying an additional 2,627,785 shares during the last quarter. FMR LLC lifted its position in shares of Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company's stock valued at $132,049,000 after buying an additional 595,325 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Darling Ingredients by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock worth $101,830,000 after acquiring an additional 36,618 shares during the period. Finally, Schroder Investment Management Group raised its stake in Darling Ingredients by 19.2% in the 4th quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company's stock valued at $80,034,000 after acquiring an additional 389,980 shares during the period. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

DAR stock traded up $0.94 during mid-day trading on Friday, hitting $30.71. The stock had a trading volume of 1,939,548 shares, compared to its average volume of 2,247,286. The firm has a fifty day simple moving average of $32.93 and a 200 day simple moving average of $35.76. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $47.28. 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 market capitalization of $4.86 billion, a P/E ratio of 17.75 and a beta of 1.19.

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

Wall Street Analyst Weigh In

DAR has been the topic of several research analyst reports. StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Citigroup reduced their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday. Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen reduced their price target on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Finally, Robert W. Baird lowered their price objective on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.