Unified Investment Management Takes $752,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Unified Investment Management acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,319 shares of the company's stock, valued at approximately $752,000.

A number of other institutional investors and hedge funds have also modified their holdings of DAR. Creative Planning lifted its position in Darling Ingredients by 21.9% during the 3rd quarter. Creative Planning now owns 22,354 shares of the company's stock worth $831,000 after acquiring an additional 4,021 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Darling Ingredients by 16.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,778 shares of the company's stock worth $252,000 after purchasing an additional 952 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Darling Ingredients by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 18,560 shares of the company's stock valued at $689,000 after purchasing an additional 1,250 shares during the period. Nisa Investment Advisors LLC boosted its stake in Darling Ingredients by 2.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company's stock valued at $446,000 after purchasing an additional 310 shares during the period. Finally, US Bancorp DE grew its holdings in Darling Ingredients by 34.9% in the 3rd quarter. US Bancorp DE now owns 98,888 shares of the company's stock valued at $3,675,000 after buying an additional 25,607 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DAR shares. Citigroup reduced their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Stephens reissued an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.75.

Darling Ingredients Price Performance

NYSE DAR traded down $0.45 during trading on Tuesday, reaching $33.97. 1,378,146 shares of the company traded hands, compared to its average volume of 2,123,612. Darling Ingredients Inc. has a 1-year low of $32.55 and a 1-year high of $48.39. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 19.59 and a beta of 1.21. The stock's 50 day moving average price is $36.58 and its two-hundred day moving average price is $37.58. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating 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%. As a group, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current 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.