Amundi Boosts Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Amundi raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 596,195 shares of the company’s stock after purchasing an additional 18,005 shares during the period. Amundi’s holdings in Darling Ingredients were worth $20,070,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock worth $199,096,000 after buying an additional 289,407 shares during the last quarter. FMR LLC grew its position in shares of Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after buying an additional 491,477 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Darling Ingredients by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock worth $101,830,000 after buying an additional 36,618 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of 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 worth $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Finally, Southernsun Asset Management LLC grew its position in shares of Darling Ingredients by 11.6% in the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock worth $55,274,000 after buying an additional 154,038 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $28.51 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $27.20 and a 12 month high of $48.39. The company has a 50 day simple moving average of $36.35 and a two-hundred day simple moving average of $37.22. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 16.48 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data 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 net margin of 4.88% and a return on equity of 6.04%. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup lowered 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 note on Wednesday, January 29th. Finally, Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

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.