Covalis Capital LLP Invests $9.96 Million in Darling Ingredients Inc. (NYSE:DAR)

Covalis Capital LLP purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 295,728 shares of the company's stock, valued at approximately $9,963,000. Darling Ingredients comprises 1.5% of Covalis Capital LLP's portfolio, making the stock its 25th biggest position. Covalis Capital LLP owned about 0.19% of Darling Ingredients at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB boosted its holdings in 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. purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $86,000. First Horizon Advisors Inc. increased its holdings in shares of Darling Ingredients by 30.9% during the 4th 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 purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at approximately $145,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. 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. TD Cowen decreased their price objective on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Citigroup dropped their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.78.

Darling Ingredients Stock Down 1.2 %

DAR stock traded down $0.38 during midday trading on Wednesday, hitting $30.28. The company's stock had a trading volume of 2,511,976 shares, compared to its average volume of 2,247,289. The firm has a 50-day simple moving average of $32.34 and a 200-day simple moving average of $35.63. The firm has a market capitalization of $4.79 billion, a P/E ratio of 17.50 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.28.

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

Darling Ingredients Company 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.