KBC Group NV Acquires 66,966 Shares of Darling Ingredients Inc. (NYSE:DAR)

KBC Group NV raised its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 180.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,143 shares of the company's stock after acquiring an additional 66,966 shares during the quarter. KBC Group NV owned approximately 0.07% of Darling Ingredients worth $3,509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Marshall Wace LLP boosted its position in Darling Ingredients by 268.6% during the second quarter. Marshall Wace LLP now owns 82,848 shares of the company's stock valued at $3,045,000 after purchasing an additional 60,371 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Darling Ingredients by 151.7% in the 2nd quarter. AQR Capital Management LLC now owns 81,490 shares of the company's stock worth $2,995,000 after buying an additional 49,110 shares during the last quarter. Algert Global LLC bought a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $1,041,000. Creative Planning lifted its position in Darling Ingredients by 9.6% during the second quarter. Creative Planning now owns 18,333 shares of the company's stock valued at $674,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Darling Ingredients in the second quarter valued at approximately $319,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the subject of several analyst reports. Stephens reiterated an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Finally, Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and a consensus price target of $53.22.

Darling Ingredients Price Performance

Shares of DAR opened at $37.51 on Friday. The business's 50-day moving average is $35.82 and its two-hundred day moving average is $37.48. The company has a market capitalization of $5.97 billion, a P/E ratio of 23.15 and a beta of 1.21. Darling Ingredients Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $48.39. 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 Company 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.

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