Covalis Capital LLP Purchases New Shares in Darling Ingredients Inc. (NYSE:DAR)

Covalis Capital LLP acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 295,728 shares of the company’s stock, valued at approximately $9,963,000. Darling Ingredients comprises about 1.5% of Covalis Capital LLP’s portfolio, making the stock its 25th biggest position. Covalis Capital LLP owned approximately 0.19% of Darling Ingredients as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp increased its stake in shares of Darling Ingredients by 3.3% in the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after buying an additional 286 shares during the period. Ironwood Investment Management LLC raised its position in shares of Darling Ingredients by 0.7% during the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock valued at $1,414,000 after acquiring an additional 297 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares during the period. Metis Global Partners LLC boosted its position in shares of Darling Ingredients by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after purchasing an additional 406 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Darling Ingredients by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company’s stock valued at $2,348,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. TD Cowen reduced their price target on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 4th. Robert W. Baird reduced their target price on shares of Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Citigroup cut their price target on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.78.

Darling Ingredients Trading Up 3.1 %

DAR stock opened at $30.71 on Friday. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 17.75 and a beta of 1.19. 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 company has a fifty day moving average price of $32.93 and a two-hundred day moving average price of $35.76. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating 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.