Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 129.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 595,263 shares of the company's stock after purchasing an additional 335,818 shares during the period. Russell Investments Group Ltd. owned about 0.37% of Darling Ingredients worth $19,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Darling Ingredients during the fourth quarter worth $243,000. Resona Asset Management Co. Ltd. acquired a new stake in Darling Ingredients in the 4th quarter worth about $646,000. Riverwater Partners LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $844,000. Bryce Point Capital LLC purchased a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $487,000. Finally, Franklin Resources Inc. boosted its stake in shares of Darling Ingredients by 266.7% in the fourth quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after acquiring an additional 708,035 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their target price on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a research report on Friday, April 4th. StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Robert W. Baird reduced 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. Stephens reissued an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup reduced their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.78.

Darling Ingredients Stock Up 0.6 %

Shares of NYSE:DAR traded up $0.17 during trading hours on Tuesday, reaching $29.46. The stock had a trading volume of 360,088 shares, compared to its average volume of 2,238,246. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 17.02 and a beta of 1.19. The firm's 50 day moving average is $33.48 and its 200-day moving average is $35.89. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $47.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

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

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.