DnB Asset Management AS Boosts Stake in Darling Ingredients Inc. (NYSE:DAR)

DnB Asset Management AS raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,254,593 shares of the company's stock after buying an additional 25,022 shares during the quarter. DnB Asset Management AS owned about 0.79% of Darling Ingredients worth $42,267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Erste Asset Management GmbH acquired a new stake in Darling Ingredients in the 3rd quarter worth approximately $30,545,000. Sycomore Asset Management grew its holdings in shares of Darling Ingredients by 101.2% during the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after buying an additional 65,444 shares during the last quarter. KBC Group NV increased its position in shares of Darling Ingredients by 180.1% in the 4th 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 during the period. Assenagon Asset Management S.A. lifted its position in 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 worth $62,134,000 after acquiring an additional 1,235,985 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Darling Ingredients during the 4th quarter valued at about $13,769,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Citigroup decreased their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Stephens reiterated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Darling Ingredients presently has an average rating of "Moderate Buy" and a consensus target price of $52.75.

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Darling Ingredients Price Performance

NYSE DAR traded up $0.40 during trading hours on Tuesday, hitting $31.64. 1,126,887 shares of the company's stock traded hands, compared to its average volume of 2,239,794. 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 moving average is $34.95 and its 200-day moving average is $36.44. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39. The company has a market capitalization of $5.00 billion, a PE ratio of 18.25 and a beta of 1.25.

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

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.