Cwm LLC Has $96,000 Holdings in Darling Ingredients Inc. (NYSE:DAR)

Cwm LLC lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,922 shares of the company’s stock after acquiring an additional 247 shares during the period. Cwm LLC’s holdings in Darling Ingredients were worth $96,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Darling Ingredients by 17.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 177,249 shares of the company’s stock worth $9,252,000 after buying an additional 26,665 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Darling Ingredients by 6.6% in the 3rd quarter. Mackenzie Financial Corp now owns 38,493 shares of the company’s stock valued at $1,876,000 after purchasing an additional 2,382 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth approximately $307,000. Emerald Advisers LLC grew its position in Darling Ingredients by 2.5% during the third quarter. Emerald Advisers LLC now owns 27,373 shares of the company’s stock valued at $1,429,000 after purchasing an additional 663 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Darling Ingredients in the 3rd quarter worth approximately $225,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 2.8 %

Shares of DAR stock opened at $44.52 on Wednesday. The stock has a 50 day moving average of $44.10 and a 200-day moving average of $44.44. The firm has a market cap of $7.11 billion, a PE ratio of 13.33 and a beta of 1.31. The company has a quick ratio of 1.10, a current ratio of 4.20 and a debt-to-equity ratio of 0.16. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities analysts predict that Darling Ingredients Inc. will post 3.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. 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 research note on Wednesday, April 17th. Scotiabank decreased their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Citigroup raised their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets cut their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

Insiders Place Their Bets

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.26% 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.