Raymond James Trust N.A. purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,181 shares of the company’s stock, valued at approximately $210,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV increased its position in Darling Ingredients by 591.5% during the second quarter. KBC Group NV now owns 24,595 shares of the company’s stock worth $1,471,000 after purchasing an additional 21,038 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Darling Ingredients during the second quarter worth approximately $41,000. Northwestern Mutual Investment Management Company LLC increased its position in shares of Darling Ingredients by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 27,035 shares of the company’s stock worth $1,617,000 after acquiring an additional 160 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Darling Ingredients by 229.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,510 shares of the company’s stock worth $7,046,000 after acquiring an additional 74,227 shares in the last quarter. Finally, Sawtooth Solutions LLC increased its position in shares of Darling Ingredients by 106.5% in the second quarter. Sawtooth Solutions LLC now owns 7,257 shares of the company’s stock worth $434,000 after acquiring an additional 3,743 shares in the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.
Darling Ingredients Trading Up 0.5 %
NYSE DAR opened at $67.19 on Tuesday. Darling Ingredients Inc. has a 12 month low of $55.71 and a 12 month high of $87.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.52 and a quick ratio of 0.90. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 15.00 and a beta of 1.25. The company’s fifty day moving average price is $66.17 and its two-hundred day moving average price is $69.59.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on DAR. Jefferies Financial Group began coverage on shares of Darling Ingredients in a research report on Wednesday, October 19th. They issued a “buy” rating and a $102.00 price objective for the company. StockNews.com began coverage on shares of Darling Ingredients in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group began coverage on shares of Darling Ingredients in a research report on Tuesday, December 13th. They issued a “buy” rating and a $91.00 price objective for the company. Cowen dropped their price objective on shares of Darling Ingredients from $79.00 to $73.00 in a research report on Tuesday, January 10th. Finally, Piper Sandler dropped their price objective on shares of Darling Ingredients from $101.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $96.91.
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.
- Get a free copy of the StockNews.com research report on Darling Ingredients (DAR)
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