Resona Asset Management Co. Ltd. Makes New $646,000 Investment in Darling Ingredients Inc. (NYSE:DAR)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,226 shares of the company's stock, valued at approximately $646,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC purchased a new position in Darling Ingredients during the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB grew its stake in shares of 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. Palouse Capital Management Inc. bought a new stake in shares of Darling Ingredients during the fourth quarter worth $86,000. First Horizon Advisors Inc. lifted its holdings in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $145,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Darling Ingredients stock traded up $0.41 during midday trading on Wednesday, hitting $29.92. 274,082 shares of the company were exchanged, compared to its average volume of 2,235,189. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.28. The firm has a market capitalization of $4.73 billion, a PE ratio of 17.30 and a beta of 1.19. The business has a fifty day simple moving average of $33.30 and a two-hundred day simple moving average of $35.84. 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 (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating 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, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DAR shares. Stephens reaffirmed an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup lowered their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday. TD Cowen dropped their target price on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Robert W. Baird lowered their price objective on shares of Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.78.

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.