Park Avenue Securities LLC boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 8.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,217 shares of the company’s stock after purchasing an additional 315 shares during the quarter. Park Avenue Securities LLC’s holdings in Darling Ingredients were worth $279,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its holdings in Darling Ingredients by 591.5% during the 2nd quarter. KBC Group NV now owns 24,595 shares of the company’s stock worth $1,471,000 after buying an additional 21,038 shares during the period. Dark Forest Capital Management LP purchased a new position in Darling Ingredients during the 2nd quarter valued at about $41,000. Northwestern Mutual Investment Management Company LLC grew its stake in Darling Ingredients by 0.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 27,035 shares of the company’s stock valued at $1,617,000 after acquiring an additional 160 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Darling Ingredients by 229.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,510 shares of the company’s stock valued at $7,046,000 after acquiring an additional 74,227 shares in the last quarter. Finally, Sawtooth Solutions LLC grew its stake in Darling Ingredients by 106.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 7,257 shares of the company’s stock valued at $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.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Cowen lowered their target price on Darling Ingredients from $79.00 to $73.00 in a research note on Tuesday, January 10th. Stifel Nicolaus boosted their price target on Darling Ingredients from $102.00 to $113.00 and gave the company a “buy” rating in a research note on Friday. Stephens reissued an “equal weight” rating and issued a $75.00 price target (down previously from $90.00) on shares of Darling Ingredients in a research note on Tuesday, January 17th. UBS Group started coverage on Darling Ingredients in a research note on Tuesday, December 13th. They issued a “buy” rating and a $91.00 price target for the company. Finally, StockNews.com started coverage on Darling Ingredients in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $95.73.
Darling Ingredients Stock Up 0.9 %
Darling Ingredients (NYSE:DAR – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.22). Darling Ingredients had a return on equity of 21.15% and a net margin of 12.13%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.68 billion. Research analysts forecast that Darling Ingredients Inc. will post 5.09 EPS for the current year.
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.
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