UBS Asset Management Americas Inc. Grows Stake in Darling Ingredients (NYSE:DAR)

UBS Asset Management Americas Inc. raised its stake in Darling Ingredients (NYSE:DAR) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,677 shares of the company’s stock after buying an additional 9,227 shares during the period. UBS Asset Management Americas Inc. owned about 0.08% of Darling Ingredients worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Darling Ingredients by 1.8% in the 4th quarter. BlackRock Inc. now owns 20,938,002 shares of the company’s stock worth $379,606,000 after purchasing an additional 380,289 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Darling Ingredients by 1,090.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock worth $73,168,000 after purchasing an additional 3,825,542 shares during the period. Earnest Partners LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $69,809,000. Eagle Asset Management Inc. lifted its position in shares of Darling Ingredients by 1.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,888,555 shares of the company’s stock worth $51,820,000 after purchasing an additional 50,174 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Darling Ingredients by 1.4% in the 4th quarter. Jennison Associates LLC now owns 2,789,602 shares of the company’s stock worth $50,575,000 after purchasing an additional 39,693 shares during the period. 99.97% of the stock is owned by institutional investors.

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Darling Ingredients stock traded down $0.26 during mid-day trading on Friday, reaching $17.08. 669,122 shares of the company traded hands, compared to its average volume of 755,115. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. Darling Ingredients has a fifty-two week low of $14.19 and a fifty-two week high of $19.50. The firm has a market capitalization of $2,812.67, a price-to-earnings ratio of 71.17 and a beta of 1.41.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Darling Ingredients had a net margin of 3.50% and a return on equity of 1.82%. The business had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million. sell-side analysts predict that Darling Ingredients will post 1 EPS for the current fiscal year.

Several research firms recently commented on DAR. TheStreet lowered shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Goldman Sachs reiterated a “neutral” rating and set a $19.00 price objective on shares of Darling Ingredients in a research note on Wednesday, February 28th. BMO Capital Markets lowered shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $19.00 to $20.00 in a research note on Thursday, March 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Darling Ingredients presently has an average rating of “Buy” and a consensus target price of $19.71.

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Darling Ingredients 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 a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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