Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 129.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 595,263 shares of the company’s stock after purchasing an additional 335,818 shares during the quarter. Russell Investments Group Ltd. owned 0.37% of Darling Ingredients worth $19,808,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB grew its position in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in Darling Ingredients in the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. grew its position in Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after acquiring an additional 712 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in Darling Ingredients in the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DAR. StockNews.com downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. TD Cowen reduced their price objective on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, Citigroup cut their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Darling Ingredients Price Performance

Shares of DAR opened at $30.19 on Thursday. The stock’s fifty day moving average is $33.92 and its 200-day moving average is $36.06. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 17.45 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last released its earnings results 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%. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients 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.