Bank of New York Mellon Corp Has $153.36 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Bank of New York Mellon Corp boosted its position in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 33.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,318,315 shares of the company’s stock after purchasing an additional 575,661 shares during the period. Bank of New York Mellon Corp’s holdings in Darling Ingredients were worth $153,356,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Darling Ingredients during the third quarter worth about $70,000. Aurora Investment Counsel bought a new position in shares of Darling Ingredients in the third quarter worth about $1,492,000. Toroso Investments LLC lifted its holdings in shares of Darling Ingredients by 12.4% in the third quarter. Toroso Investments LLC now owns 9,278 shares of the company’s stock worth $614,000 after acquiring an additional 1,022 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Darling Ingredients in the third quarter worth about $1,774,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Darling Ingredients by 42.7% in the third quarter. Glenmede Trust Co. NA now owns 21,841 shares of the company’s stock worth $1,443,000 after acquiring an additional 6,540 shares during the last quarter. 90.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of Darling Ingredients from $102.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, February 6th. UBS Group assumed coverage on shares of Darling Ingredients in a report on Tuesday, December 13th. They issued a “buy” rating and a $91.00 target price for the company. Piper Sandler dropped their target price on shares of Darling Ingredients from $101.00 to $99.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Stephens reiterated an “equal weight” rating and issued a $75.00 price objective on shares of Darling Ingredients in a report on Tuesday, February 28th. Finally, StockNews.com assumed coverage on shares of Darling Ingredients in a report on Thursday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.40.

Darling Ingredients Stock Down 1.9 %

Shares of NYSE DAR opened at $52.90 on Friday. The company has a market capitalization of $8.46 billion, a P/E ratio of 11.76 and a beta of 1.26. Darling Ingredients Inc. has a 52-week low of $51.77 and a 52-week high of $87.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.90 and a current ratio of 1.53. The company’s 50 day moving average price is $64.52 and its 200-day moving average price is $68.48.

Insider Transactions at Darling Ingredients

In other news, EVP Patrick Mcnutt purchased 900 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the transaction, the executive vice president now owns 12,287 shares of the company’s stock, valued at $664,358.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Patrick Mcnutt acquired 900 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the purchase, the executive vice president now directly owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles L. Adair acquired 500 shares of the stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of $54.15 per share, with a total value of $27,075.00. Following the purchase, the director now directly owns 36,551 shares in the company, valued at $1,979,236.65. The disclosure for this purchase can be found here. Corporate insiders own 2.62% of the company’s stock.

About Darling Ingredients

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.