Edmond DE Rothschild Holding S.A. raised its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 649,528 shares of the company's stock after purchasing an additional 41,648 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.41% of Darling Ingredients worth $21,883,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of DAR. Wellington Management Group LLP raised its position in Darling Ingredients by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 825,472 shares of the company's stock valued at $27,810,000 after buying an additional 24,489 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Darling Ingredients by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 296,913 shares of the company's stock worth $10,003,000 after acquiring an additional 3,801 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock valued at $148,005,000 after purchasing an additional 2,627,785 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Darling Ingredients by 19.2% during the fourth quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company's stock valued at $80,034,000 after purchasing an additional 389,980 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Darling Ingredients by 29.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,279,907 shares of the company's stock valued at $43,120,000 after purchasing an additional 291,138 shares in the last quarter. Institutional investors own 94.44% of the company's stock.
Analyst Upgrades and Downgrades
DAR has been the subject of several analyst reports. 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. Citigroup dropped their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.75.
Check Out Our Latest Report on Darling Ingredients
Darling Ingredients Stock Performance
NYSE DAR traded up $0.85 on Wednesday, hitting $33.10. 2,456,064 shares of the stock traded hands, compared to its average volume of 2,249,140. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.13 and a beta of 1.19. The business's fifty day moving average is $34.85 and its two-hundred day moving average is $36.39. 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 Inc. has a 12 month low of $27.20 and a 12 month high of $48.39.
Darling Ingredients (NYSE:DAR - Get Free Report) last released 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, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS 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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