Metis Global Partners LLC Grows Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Metis Global Partners LLC increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,786 shares of the company’s stock after purchasing an additional 406 shares during the quarter. Metis Global Partners LLC’s holdings in Darling Ingredients were worth $330,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of Darling Ingredients by 23.2% during the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock worth $4,010,000 after buying an additional 20,323 shares in the last quarter. Algert Global LLC grew its stake in Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock valued at $3,860,000 after acquiring an additional 75,540 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Darling Ingredients during the 3rd quarter valued at about $30,545,000. Sycomore Asset Management raised its holdings in Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after acquiring an additional 65,444 shares during the last quarter. Finally, KBC Group NV lifted its stake in Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after purchasing an additional 66,966 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DAR. Citigroup dropped their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

Darling Ingredients Trading Up 0.6 %

DAR opened at $33.50 on Thursday. The stock has a market capitalization of $5.32 billion, a PE ratio of 19.37 and a beta of 1.21. Darling Ingredients Inc. has a one year low of $32.55 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. The business’s 50 day moving average price is $36.58 and its 200 day moving average price is $37.54.

Darling Ingredients (NYSE:DAR) last released its quarterly 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 return on equity of 6.04% and a net margin of 4.88%. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.81 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.