Union Bancaire Privee UBP SA Invests $679,000 in Darling Ingredients Inc. (NYSE:DAR)

Union Bancaire Privee UBP SA acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,298 shares of the company's stock, valued at approximately $679,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Curated Wealth Partners LLC purchased a new stake in Darling Ingredients during the 4th quarter valued at $819,000. Inspire Investing LLC boosted its holdings in shares of Darling Ingredients by 8.8% during the fourth quarter. Inspire Investing LLC now owns 38,120 shares of the company's stock worth $1,284,000 after purchasing an additional 3,073 shares during the period. Janney Capital Management LLC grew its stake in shares of Darling Ingredients by 28.2% in the fourth quarter. Janney Capital Management LLC now owns 8,631 shares of the company's stock worth $291,000 after purchasing an additional 1,899 shares during the last quarter. Perpetual Ltd increased its holdings in Darling Ingredients by 2,200.7% during the 4th quarter. Perpetual Ltd now owns 477,225 shares of the company's stock valued at $16,078,000 after purchasing an additional 456,482 shares during the period. Finally, Ballentine Partners LLC raised its position in Darling Ingredients by 19.8% during the 4th quarter. Ballentine Partners LLC now owns 11,355 shares of the company's stock valued at $383,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Up 2.3 %

Shares of DAR stock traded up $0.86 during trading hours on Friday, hitting $37.51. 2,805,915 shares of the company's stock traded hands, compared to its average volume of 1,725,093. 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 stock's fifty day simple moving average is $35.82 and its two-hundred day simple moving average is $37.48. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 23.15 and a beta of 1.21.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stephens reaffirmed an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup reduced their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.22.

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.