Proficio Capital Partners LLC Takes Position in Darling Ingredients Inc. (NYSE:DAR)

Proficio Capital Partners LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,566 shares of the company's stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in Darling Ingredients during the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB lifted its stake in Darling Ingredients by 157.1% in the 4th 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 in the last quarter. Ashton Thomas Securities LLC purchased a new position in Darling Ingredients in the 3rd quarter valued at about $58,000. Farther Finance Advisors LLC boosted its holdings in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after buying an additional 758 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Darling Ingredients by 42.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock worth $86,000 after buying an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup decreased their target price on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Stephens restated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.75.

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Darling Ingredients Trading Down 2.2 %

Shares of DAR traded down $0.67 during midday trading on Wednesday, reaching $30.17. The company had a trading volume of 648,249 shares, compared to its average volume of 2,167,639. Darling Ingredients Inc. has a 1-year low of $30.03 and a 1-year high of $48.39. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a 50 day simple moving average of $36.43 and a 200-day simple moving average of $37.28. The stock has a market cap of $4.79 billion, a PE ratio of 17.43 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.88% and a return on equity of 6.04%. Research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.