Harber Asset Management LLC Purchases New Position in Darling Ingredients Inc. (NYSE:DAR)

Harber Asset Management LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 234,213 shares of the company’s stock, valued at approximately $7,891,000. Darling Ingredients makes up 2.4% of Harber Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. Harber Asset Management LLC owned about 0.15% of Darling Ingredients at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP lifted its position in Darling Ingredients by 12.2% in the third quarter. Quantinno Capital Management LP now owns 10,797 shares of the company’s stock worth $401,000 after buying an additional 1,176 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Darling Ingredients by 26.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,435 shares of the company’s stock worth $276,000 after purchasing an additional 1,566 shares during the last quarter. MML Investors Services LLC increased its position in shares of Darling Ingredients by 17.6% in the 3rd quarter. MML Investors Services LLC now owns 12,846 shares of the company’s stock valued at $477,000 after acquiring an additional 1,925 shares during the period. Barclays PLC increased its holdings in Darling Ingredients by 32.8% in the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company’s stock worth $49,529,000 after buying an additional 328,893 shares during the period. Finally, M&T Bank Corp raised its position in Darling Ingredients by 26.7% during the third quarter. M&T Bank Corp now owns 8,701 shares of the company’s stock valued at $323,000 after acquiring an additional 1,833 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 1.1 %

NYSE:DAR opened at $28.99 on Monday. The stock’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $35.95. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 16.76 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28.

Darling Ingredients (NYSE:DAR) last announced 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 net margin of 4.88% and a return on equity of 6.04%. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DAR shares. Citigroup reduced their target price 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. TD Cowen cut their price target 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 reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. One investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.