Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Barings LLC

Barings LLC lifted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 98.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 149,874 shares of the company’s stock after acquiring an additional 74,260 shares during the quarter. Barings LLC’s holdings in Darling Ingredients were worth $5,049,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB grew its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter worth approximately $58,000. Farther Finance Advisors LLC grew its stake in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DAR shares. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup dropped their target price 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, January 29th. Finally, Stephens reissued an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Stock Performance

Shares of DAR opened at $32.24 on Friday. The company’s 50 day moving average price is $36.53 and its 200 day moving average price is $37.42. Darling Ingredients Inc. has a 52 week low of $31.87 and a 52 week high of $48.39. The company has a market capitalization of $5.12 billion, a PE ratio of 18.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last announced 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 net margin of 4.88% and a return on equity of 6.04%. Research analysts expect that Darling Ingredients Inc. will post 2.81 EPS 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.