Quilter Plc Buys Shares of 60,000 Darling Ingredients Inc. (NYSE:DAR)

Quilter Plc purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 60,000 shares of the company’s stock, valued at approximately $2,021,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in shares of Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock worth $199,096,000 after purchasing an additional 289,407 shares during the period. FMR LLC grew its stake in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after buying an additional 491,477 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Darling Ingredients by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after purchasing an additional 36,618 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Finally, Southernsun Asset Management LLC grew its stake in shares of Darling Ingredients by 11.6% during the third quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after purchasing an additional 154,038 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAR. Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.22.

Darling Ingredients Price Performance

DAR opened at $39.74 on Monday. The firm has a market cap of $6.32 billion, a P/E ratio of 22.97 and a beta of 1.21. The firm has a 50-day moving average of $35.51 and a 200 day moving average of $37.48. 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 Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. On average, research analysts expect that Darling Ingredients Inc. will post 2.79 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.