Compagnie Lombard Odier SCmA Boosts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Compagnie Lombard Odier SCmA grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 66.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,627 shares of the company’s stock after acquiring an additional 6,230 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Darling Ingredients were worth $488,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB increased its position in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares during the last quarter. UMB Bank n.a. increased its position in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after purchasing an additional 1,373 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Palouse Capital Management Inc. bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $86,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

DAR opened at $32.93 on Friday. The stock’s 50 day simple moving average is $31.73 and its 200 day simple moving average is $33.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 19.03 and a beta of 1.18.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Darling Ingredients’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen reduced their price objective on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, April 25th. Citigroup reduced their price objective on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Finally, Robert W. Baird reduced their price target on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

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.