Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its position in Darling Ingredients Inc. (NYSE:DAR) by 141.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,207 shares of the company’s stock after buying an additional 707 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Darling Ingredients were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DAR. Moneta Group Investment Advisors LLC increased its position in Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock worth $479,659,000 after purchasing an additional 7,656,389 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in Darling Ingredients by 10.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock worth $248,256,000 after purchasing an additional 446,483 shares during the last quarter. State Street Corp increased its position in Darling Ingredients by 1.4% during the second quarter. State Street Corp now owns 4,617,316 shares of the company’s stock worth $276,115,000 after purchasing an additional 61,858 shares during the last quarter. Deutsche Bank AG increased its position in Darling Ingredients by 2.5% during the first quarter. Deutsche Bank AG now owns 3,900,896 shares of the company’s stock worth $227,812,000 after purchasing an additional 96,983 shares during the last quarter. Finally, FMR LLC increased its position in Darling Ingredients by 9.3% during the third quarter. FMR LLC now owns 3,204,162 shares of the company’s stock worth $167,257,000 after purchasing an additional 272,184 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DAR shares. BMO Capital Markets dropped 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. Scotiabank decreased their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus decreased their price objective on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Stephens decreased their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Darling Ingredients Price Performance

Shares of DAR stock opened at $42.62 on Friday. The company has a market capitalization of $6.81 billion, a PE ratio of 10.71 and a beta of 1.29. The firm has a fifty day simple moving average of $43.85 and a 200-day simple moving average of $44.69. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60.

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

Insider Activity

In related news, Director Kurt Stoffel purchased 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.62% of the company’s stock.

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.