60,000 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by Quilter Plc

Quilter Plc purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 60,000 shares of the company’s stock, valued at approximately $2,021,000.

Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the fourth quarter worth about $25,000. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC increased its holdings in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the last quarter. Blue Trust Inc. increased its holdings in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DAR shares. Jefferies Financial Group boosted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup lowered their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $39.74 on Monday. 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 stock has a 50 day simple moving average of $35.51 and a 200-day simple moving average of $37.48. The company has a market cap of $6.32 billion, a PE ratio of 22.97 and a beta of 1.21. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Darling Ingredients Inc. will post 2.79 EPS for the current 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.