Metis Global Partners LLC Grows Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Metis Global Partners LLC lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 4.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,786 shares of the company’s stock after buying an additional 406 shares during the quarter. Metis Global Partners LLC’s holdings in Darling Ingredients were worth $330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after acquiring an additional 310 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Darling Ingredients by 5.7% in the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after purchasing an additional 412 shares in the last quarter. Corbyn Investment Management Inc. MD increased its stake in Darling Ingredients by 1.6% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock worth $1,103,000 after buying an additional 455 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in Darling Ingredients by 7.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company’s stock worth $311,000 after buying an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DAR. Citigroup dropped their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Stock Performance

NYSE:DAR opened at $33.50 on Thursday. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market capitalization of $5.32 billion, a PE ratio of 19.37 and a beta of 1.21. The business’s fifty day moving average price is $36.58 and its 200 day moving average price is $37.54.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.