Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,254,593 shares of the company’s stock after acquiring an additional 25,022 shares during the period. DnB Asset Management AS owned 0.79% of Darling Ingredients worth $42,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at about $63,956,000. Assenagon Asset Management S.A. increased its position in 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 valued at $62,134,000 after acquiring an additional 1,235,985 shares during the period. Paloma Partners Management Co raised its stake in Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after acquiring an additional 838,047 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Darling Ingredients during the 3rd quarter worth approximately $30,545,000. Finally, American Century Companies Inc. grew its stake in shares of Darling Ingredients by 1,003.0% in the 4th quarter. American Century Companies Inc. now owns 578,908 shares of the company’s stock valued at $19,503,000 after purchasing an additional 526,425 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $31.90 on Friday. 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 Inc. has a one year low of $27.20 and a one year high of $48.39. The firm has a market capitalization of $5.07 billion, a P/E ratio of 18.44 and a beta of 1.25. The company’s fifty day moving average is $35.17 and its two-hundred day moving average is $36.45.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping 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%. Analysts forecast 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.