Private Management Group Inc. Increases Holdings in Darling Ingredients Inc. (NYSE:DAR)

Private Management Group Inc. boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 39.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,317 shares of the company’s stock after purchasing an additional 127,535 shares during the period. Private Management Group Inc.’s holdings in Darling Ingredients were worth $22,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. South Dakota Investment Council grew its holdings in Darling Ingredients by 86.3% in the fourth quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock valued at $3,587,000 after purchasing an additional 33,332 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Darling Ingredients by 111.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after acquiring an additional 15,933 shares during the last quarter. Jennison Associates LLC raised its position in Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after acquiring an additional 226,134 shares during the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at about $50,000. Finally, CWM LLC grew its position in shares of Darling Ingredients by 14.7% in the fourth quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after purchasing an additional 247 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.26% of the stock is currently owned by corporate insiders.

Darling Ingredients Trading Up 0.6 %

Darling Ingredients stock traded up $0.27 during midday trading on Tuesday, reaching $43.15. The stock had a trading volume of 1,652,680 shares, compared to its average volume of 2,052,086. The stock’s 50-day simple moving average is $43.85 and its 200 day simple moving average is $44.61. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The stock has a market capitalization of $6.89 billion, a PE ratio of 10.82 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Analysts expect that Darling Ingredients Inc. will post 3.32 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on DAR shares. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus cut their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. Stephens decreased their price objective on 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. Scotiabank dropped their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Finally, BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Darling Ingredients Company Profile

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.