Cetera Trust Company N.A Takes Position in Darling Ingredients Inc. (NYSE:DAR)

Cetera Trust Company N.A acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also recently added to or reduced their stakes in DAR. Turtle Creek Wealth Advisors LLC acquired a new position in Darling Ingredients in the 4th quarter valued at $29,000. Stone House Investment Management LLC raised its stake in Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in Darling Ingredients in the 3rd quarter valued at $31,000. Catalyst Capital Advisors LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at $31,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Darling Ingredients in the 3rd quarter worth $38,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on DAR shares. Citigroup raised their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Stephens lowered their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. BMO Capital Markets lowered their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Stifel Nicolaus lowered their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $72.55.

Insiders Place Their Bets

In other news, Director Kurt Stoffel purchased 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were bought at an average price of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.26% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Performance

Shares of DAR opened at $42.87 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. Darling Ingredients Inc. has a 1 year low of $38.97 and a 1 year high of $71.60. The stock has a market capitalization of $6.85 billion, a PE ratio of 10.77 and a beta of 1.29. The stock has a 50-day simple moving average of $43.85 and a 200-day simple moving average of $44.61.

Darling Ingredients (NYSE:DAR) last issued 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). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. On average, analysts predict that Darling Ingredients Inc. will post 3.32 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.