UniSuper Management Pty Ltd Has $13.14 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

UniSuper Management Pty Ltd decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 11.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 389,871 shares of the company’s stock after selling 49,300 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Darling Ingredients were worth $13,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WINTON GROUP Ltd bought a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $884,000. Vanguard Group Inc. boosted its holdings in Darling Ingredients by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after purchasing an additional 203,921 shares during the period. LPL Financial LLC boosted its holdings in Darling Ingredients by 13.6% in the 4th quarter. LPL Financial LLC now owns 33,100 shares of the company’s stock valued at $1,115,000 after purchasing an additional 3,954 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Darling Ingredients in the 4th quarter worth $1,088,000. Finally, AXQ Capital LP bought a new position in shares of Darling Ingredients during the 4th quarter worth about $735,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the subject of several research reports. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Monday. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup lowered their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $52.75.

Darling Ingredients Trading Up 4.7 %

DAR stock opened at $31.90 on Friday. Darling Ingredients Inc. has a 1-year low of $27.20 and a 1-year 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 moving average is $35.17 and its 200-day moving average is $36.45. The firm has a market cap of $5.07 billion, a P/E ratio of 18.44 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. Equities 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.