KLP Kapitalforvaltning AS Acquires Shares of 32,300 Darling Ingredients Inc. (NYSE:DAR)

KLP Kapitalforvaltning AS purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,300 shares of the company's stock, valued at approximately $1,088,000.

Other large investors also recently modified their holdings of the company. AXQ Capital LP acquired a new stake in shares of Darling Ingredients during the fourth quarter valued at about $735,000. American Century Companies Inc. boosted its position in Darling Ingredients by 1,003.0% during the 4th quarter. American Century Companies Inc. now owns 578,908 shares of the company's stock worth $19,503,000 after buying an additional 526,425 shares during the period. Magnetar Financial LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $2,903,000. Xponance Inc. increased its position in Darling Ingredients by 9.7% in the 4th quarter. Xponance Inc. now owns 19,790 shares of the company's stock valued at $667,000 after acquiring an additional 1,748 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Darling Ingredients by 60.9% during the fourth quarter. Intech Investment Management LLC now owns 32,735 shares of the company's stock valued at $1,103,000 after acquiring an additional 12,386 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DAR has been the subject of a number of recent research reports. Stephens restated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.75.

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Darling Ingredients Trading Up 2.2 %

NYSE DAR traded up $0.70 during trading hours on Wednesday, hitting $32.95. 1,409,454 shares of the company's stock were exchanged, compared to its average volume of 2,190,098. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 19.05 and a beta of 1.19. The stock has a 50-day simple moving average of $34.89 and a 200 day simple moving average of $36.42. 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 Inc. has a 1-year low of $27.20 and a 1-year high of $48.39.

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

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.