Zurcher Kantonalbank Zurich Cantonalbank Has $8.56 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,778 shares of the company’s stock after selling 5,471 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.11% of Darling Ingredients worth $8,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. HighTower Advisors LLC increased its position in Darling Ingredients by 97.9% in the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock valued at $1,133,000 after acquiring an additional 6,999 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Darling Ingredients by 20.4% in the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock valued at $1,697,000 after purchasing an additional 3,563 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Darling Ingredients in the 1st quarter valued at about $141,000. Panagora Asset Management Inc. bought a new position in shares of Darling Ingredients in the 1st quarter valued at about $447,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Darling Ingredients by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock valued at $7,366,000 after purchasing an additional 6,770 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DAR. Stifel Nicolaus reduced their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. JPMorgan Chase & Co. reduced their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup raised their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Scotiabank reduced their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Finally, Stephens reduced their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were bought at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is owned by corporate insiders.

Darling Ingredients Stock Performance

Shares of DAR opened at $42.61 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The firm’s 50 day moving average price is $43.85 and its two-hundred day moving average price is $44.67. The firm has a market cap of $6.81 billion, a P/E ratio of 10.71 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. On average, analysts forecast that Darling Ingredients Inc. will post 3.41 EPS for the current fiscal 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.