Allspring Global Investments Holdings LLC Grows Position in Darling Ingredients Inc. (NYSE:DAR)

Allspring Global Investments Holdings LLC grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 39.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,946 shares of the company’s stock after acquiring an additional 25,298 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Darling Ingredients worth $4,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Darling Ingredients by 107,533.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock worth $479,659,000 after buying an additional 7,656,389 shares in the last quarter. Norges Bank bought a new stake in Darling Ingredients during the fourth quarter worth $135,362,000. Triodos Investment Management BV purchased a new position in Darling Ingredients in the third quarter worth $34,698,000. Schonfeld Strategic Advisors LLC grew its stake in Darling Ingredients by 2,618.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after purchasing an additional 470,886 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Darling Ingredients by 10.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock valued at $248,256,000 after purchasing an additional 446,483 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DAR. BMO Capital Markets reduced their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup upped their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Stephens decreased their target price on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Scotiabank dropped their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

Darling Ingredients Stock Up 3.5 %

Shares of NYSE DAR opened at $42.62 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.81 billion, a P/E ratio of 10.71 and a beta of 1.29. Darling Ingredients Inc. has a 52 week low of $38.97 and a 52 week high of $71.60. The business has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $44.69.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Research analysts anticipate that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

About Darling Ingredients

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.