Southernsun Asset Management LLC Has $52.79 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Southernsun Asset Management LLC raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,567,052 shares of the company's stock after buying an additional 79,594 shares during the period. Darling Ingredients comprises about 6.6% of Southernsun Asset Management LLC's holdings, making the stock its 3rd largest position. Southernsun Asset Management LLC owned approximately 0.99% of Darling Ingredients worth $52,794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DAR. Sycomore Asset Management lifted its stake in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after acquiring an additional 65,444 shares in the last quarter. KBC Group NV boosted its holdings in Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after purchasing an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new stake in Darling Ingredients in the 4th quarter worth about $735,000. Assenagon Asset Management S.A. increased its stake in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Darling Ingredients during the 4th quarter worth approximately $13,769,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday. StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Finally, Robert W. Baird lowered their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.33.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock traded up $1.53 during trading hours on Friday, reaching $31.98. The company had a trading volume of 3,456,962 shares, compared to its average volume of 2,250,483. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28. The firm has a market cap of $5.06 billion, a PE ratio of 18.49 and a beta of 1.19. The business has a fifty day simple moving average of $31.72 and a 200 day simple moving average of $35.51.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients 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.