Barings LLC boosted its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,874 shares of the company's stock after acquiring an additional 74,260 shares during the period. Barings LLC owned 0.09% of Darling Ingredients worth $5,049,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in Darling Ingredients by 5.7% in the third quarter. State Street Corp now owns 5,357,815 shares of the company's stock valued at $199,096,000 after buying an additional 289,407 shares during the period. FMR LLC lifted its stake in Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after buying an additional 491,477 shares during the period. Geode Capital Management LLC lifted its stake in Darling Ingredients by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock valued at $101,830,000 after buying an additional 36,618 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC raised its position in shares of Darling Ingredients by 11.6% during the third quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company's stock worth $55,274,000 after purchasing an additional 154,038 shares during the period. 94.44% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday. Stephens reaffirmed an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and a consensus price target of $52.75.
View Our Latest Report on Darling Ingredients
Darling Ingredients Stock Down 1.6 %
NYSE DAR traded down $0.54 on Friday, reaching $32.24. The company had a trading volume of 1,901,086 shares, compared to its average volume of 2,171,847. The stock has a market capitalization of $5.12 billion, a P/E ratio of 18.64 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company's fifty day moving average is $36.53 and its 200 day moving average is $37.40. Darling Ingredients Inc. has a 52-week low of $31.87 and a 52-week high of $48.39.
Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (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%. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
About Darling Ingredients
(
Free Report)
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.
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