Harber Asset Management LLC Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Harber Asset Management LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 234,213 shares of the company's stock, valued at approximately $7,891,000. Darling Ingredients comprises approximately 2.4% of Harber Asset Management LLC's investment portfolio, making the stock its 19th biggest position. Harber Asset Management LLC owned 0.15% of Darling Ingredients at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in 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 worth $148,005,000 after acquiring an additional 2,627,785 shares during the period. Norges Bank purchased a new position in shares of Darling Ingredients during the fourth quarter valued at about $63,956,000. Assenagon Asset Management S.A. lifted its holdings in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after buying an additional 1,235,985 shares during the period. Franklin Resources Inc. boosted its position in Darling Ingredients by 266.7% during the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock valued at $32,799,000 after acquiring an additional 708,035 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Darling Ingredients by 17.9% in the 4th quarter. FMR LLC now owns 3,919,542 shares of the company's stock valued at $132,049,000 after purchasing an additional 595,325 shares during the period. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.94 during midday trading on Friday, hitting $30.71. 1,939,548 shares of the stock traded hands, compared to its average volume of 2,245,786. 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 one year low of $26.00 and a one year high of $47.28. The firm has a market capitalization of $4.86 billion, a P/E ratio of 17.75 and a beta of 1.19. The firm has a 50-day moving average of $32.93 and a two-hundred day moving average of $35.76.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird decreased their price objective on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday. Citigroup reduced their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday. Stephens reissued an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. TD Cowen reduced their price target on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a report on Friday, April 4th. Finally, StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.78.

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.