Intech Investment Management LLC boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 60.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,735 shares of the company's stock after acquiring an additional 12,386 shares during the period. Intech Investment Management LLC's holdings in Darling Ingredients were worth $1,103,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB boosted its stake in Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after buying an additional 721 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Darling Ingredients by 42.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock valued at $86,000 after buying an additional 687 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in Darling Ingredients in the 4th quarter worth approximately $86,000. Finally, Avanza Fonder AB bought a new position in Darling Ingredients during the fourth quarter valued at $145,000. 94.44% of the stock is currently owned by institutional investors.
Darling Ingredients Price Performance
DAR traded up $0.87 during midday trading on Wednesday, hitting $30.54. 1,215,940 shares of the company traded hands, compared to its average volume of 2,113,392. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 17.65 and a beta of 1.25. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39. The business has a 50 day simple moving average of $35.40 and a two-hundred day simple moving average of $36.53. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.
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 (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%. On average, equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently issued reports on DAR shares. Citigroup lowered their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Stephens restated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and an average target price of $52.75.
Check Out Our Latest Research Report on Darling Ingredients
Darling Ingredients Profile
(
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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