31,760 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,760 shares of the company’s stock, valued at approximately $1,070,000.

Other large investors also recently modified their holdings of the company. Peregrine Capital Management LLC grew its stake in Darling Ingredients by 1.5% during the 4th quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company’s stock valued at $6,329,000 after purchasing an additional 2,832 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after buying an additional 337 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Darling Ingredients by 4.8% in the fourth quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company’s stock worth $570,000 after buying an additional 707 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Darling Ingredients in the fourth quarter worth $86,000. Finally, Lightrock Netherlands B.V. acquired a new stake in Darling Ingredients in the fourth quarter valued at $8,323,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DAR. Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.22.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $39.18 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market capitalization of $6.23 billion, a PE ratio of 22.65 and a beta of 1.21. Darling Ingredients Inc. has a 1-year low of $32.55 and a 1-year high of $48.39. The business’s fifty day moving average price is $36.21 and its two-hundred day moving average price is $37.61.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (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, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current 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.