Lightrock Netherlands B.V. Buys New Shares in Darling Ingredients Inc. (NYSE:DAR)

Lightrock Netherlands B.V. purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 245,842 shares of the company’s stock, valued at approximately $8,323,000. Darling Ingredients comprises approximately 2.9% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 16th largest holding. Lightrock Netherlands B.V. owned about 0.15% of Darling Ingredients at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Darling Ingredients in the 2nd quarter worth approximately $319,000. SG Americas Securities LLC purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $229,000. Park Avenue Securities LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $201,000. GAMMA Investing LLC boosted its stake in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Finally, Harrington Investments INC grew its holdings in shares of Darling Ingredients by 5.1% during the 3rd quarter. Harrington Investments INC now owns 14,424 shares of the company’s stock valued at $536,000 after purchasing an additional 700 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup reduced their price target 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. Finally, 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Trading Down 0.2 %

NYSE DAR opened at $39.66 on Tuesday. 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 fifty-two week low of $32.55 and a fifty-two week high of $48.39. The stock has a market cap of $6.31 billion, a P/E ratio of 22.92 and a beta of 1.21. The stock has a 50 day simple moving average of $35.50 and a two-hundred day simple moving average of $37.48.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results 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 return on equity of 6.04% and a net margin of 4.88%. On average, analysts forecast that Darling Ingredients Inc. will post 2.79 earnings per share 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.