Proficio Capital Partners LLC Makes New $423,000 Investment in Darling Ingredients Inc. (NYSE:DAR)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company's stock valued at $199,096,000 after buying an additional 289,407 shares during the period. FMR LLC increased its position in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after acquiring an additional 491,477 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Darling Ingredients by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock valued at $101,830,000 after acquiring an additional 36,618 shares during the period. Assenagon Asset Management S.A. boosted its position 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 purchasing an additional 1,235,985 shares during the last quarter. Finally, Southernsun Asset Management LLC grew its stake in shares of Darling Ingredients by 11.6% during the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company's stock valued at $55,274,000 after purchasing an additional 154,038 shares during the period. Institutional investors own 94.44% of the company's stock.

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Analyst Upgrades and Downgrades

DAR has been the topic of a number of research reports. 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, January 29th. Stephens reiterated an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com lowered Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.75.

Darling Ingredients Price Performance

DAR stock traded down $0.34 during trading on Friday, reaching $31.58. The company's stock had a trading volume of 1,857,049 shares, compared to its average volume of 2,239,831. 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 company's fifty day moving average is $35.06 and its 200-day moving average is $36.43. The company has a market capitalization of $4.99 billion, a P/E ratio of 18.25 and a beta of 1.25. 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 released 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, research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share 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.