WINTON GROUP Ltd Invests $884,000 in Darling Ingredients Inc. (NYSE:DAR)

WINTON GROUP Ltd purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,228 shares of the company's stock, valued at approximately $884,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in shares of Darling Ingredients by 203.2% during 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 purchasing an additional 1,235,985 shares in the last quarter. Paloma Partners Management Co increased its stake in Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company's stock worth $32,597,000 after acquiring an additional 838,047 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients during the 3rd quarter valued at about $30,545,000. American Century Companies Inc. grew its holdings in shares of Darling Ingredients by 1,003.0% during the fourth quarter. American Century Companies Inc. now owns 578,908 shares of the company's stock worth $19,503,000 after purchasing an additional 526,425 shares in the last quarter. Finally, FMR LLC increased its position in shares of Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock worth $123,528,000 after purchasing an additional 491,477 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com lowered Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.75.

Remove Ads

Darling Ingredients Trading Up 2.4 %

Shares of NYSE:DAR traded up $0.76 on Wednesday, reaching $33.01. 1,674,699 shares of the company traded hands, compared to its average volume of 2,246,508. Darling Ingredients Inc. has a 52 week low of $27.20 and a 52 week high of $48.39. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The business's 50-day simple moving average is $34.89 and its 200 day simple moving average is $36.42. The stock has a market capitalization of $5.22 billion, a P/E ratio of 19.08 and a beta of 1.19.

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, topping analysts' consensus estimates 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, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.