Intech Investment Management LLC Takes $309,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Intech Investment Management LLC bought a new stake in Darling Ingredients Inc. (NYSE:DAR – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,936 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors also recently modified their holdings of DAR. Bank of New York Mellon Corp boosted its position in shares of Darling Ingredients by 33.0% in the third quarter. Bank of New York Mellon Corp now owns 2,318,315 shares of the company’s stock valued at $153,356,000 after acquiring an additional 575,661 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Darling Ingredients by 392.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 524,212 shares of the company’s stock valued at $32,810,000 after acquiring an additional 417,702 shares during the period. BlackRock Inc. boosted its position in shares of Darling Ingredients by 2.1% in the third quarter. BlackRock Inc. now owns 17,798,386 shares of the company’s stock valued at $1,177,364,000 after acquiring an additional 369,517 shares during the period. Premier Fund Managers Ltd boosted its position in shares of Darling Ingredients by 6,416.4% in the fourth quarter. Premier Fund Managers Ltd now owns 370,000 shares of the company’s stock valued at $9,676,000 after acquiring an additional 364,322 shares during the period. Finally, Pictet Asset Management SA raised its stake in Darling Ingredients by 21.9% in the third quarter. Pictet Asset Management SA now owns 1,983,608 shares of the company’s stock valued at $130,058,000 after purchasing an additional 356,442 shares in the last quarter. Institutional investors own 90.90% of the company’s stock.

Analysts Set New Price Targets

DAR has been the subject of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $75.00 price target on shares of Darling Ingredients in a research note on Tuesday, February 28th. StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Jefferies Financial Group dropped their price target on Darling Ingredients from $95.00 to $85.00 in a research note on Monday, May 15th. UBS Group boosted their price target on Darling Ingredients from $82.00 to $85.00 in a research note on Monday, May 15th. Finally, BMO Capital Markets boosted their price target on Darling Ingredients from $80.00 to $85.00 in a research note on Thursday, May 11th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued 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 $90.08.

Insider Activity at Darling Ingredients

In related news, EVP Patrick Mcnutt bought 900 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the acquisition, the executive vice president now directly owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Charles L. Adair bought 500 shares of Darling Ingredients stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $54.15 per share, for a total transaction of $27,075.00. Following the completion of the acquisition, the director now directly owns 36,551 shares of the company’s stock, valued at approximately $1,979,236.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Mcnutt bought 900 shares of Darling Ingredients stock in a transaction that occurred on 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 completion of the acquisition, the executive vice president now directly owns 12,287 shares of the company’s stock, valued at $664,358.09. The disclosure for this purchase can be found here. Insiders have purchased 4,400 shares of company stock worth $266,958 over the last ninety days. Insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $64.82 on Monday. The business has a 50 day moving average of $58.17 and a 200-day moving average of $63.43. Darling Ingredients Inc. has a 1 year low of $51.77 and a 1 year high of $87.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.73 and a quick ratio of 0.98. The company has a market capitalization of $10.34 billion, a P/E ratio of 14.40 and a beta of 1.23.

Darling Ingredients (NYSE:DAR – Get Rating) last released its quarterly earnings data on Monday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.20). Darling Ingredients had a net margin of 10.57% and a return on equity of 19.99%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.80 billion. On average, equities research analysts predict that Darling Ingredients Inc. will post 5.57 earnings per share for the current year.

Darling Ingredients Company Profile

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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.