Bray Capital Advisors Increases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Bray Capital Advisors raised its stake in Darling Ingredients Inc. (NYSE:DAR) by 40.1% during the 4th quarter, HoldingsChannel reports. The firm owned 19,160 shares of the company’s stock after acquiring an additional 5,485 shares during the period. Bray Capital Advisors’ holdings in Darling Ingredients were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in shares of Darling Ingredients by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 72,000 shares of the company’s stock valued at $3,588,000 after buying an additional 634 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $2,123,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Darling Ingredients by 39.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,946 shares of the company’s stock valued at $4,483,000 after buying an additional 25,298 shares in the last quarter. Finally, Cubic Asset Management LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $234,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on DAR shares. Stifel Nicolaus decreased their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. BMO Capital Markets decreased their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Stephens decreased their target price on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup boosted their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Scotiabank decreased their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.82.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the purchase, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $44.39 on Friday. Darling Ingredients Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 11.15 and a beta of 1.29. The business has a fifty day moving average of $43.80 and a 200-day moving average of $44.98. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last released its 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). The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. As a group, analysts predict that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

Darling Ingredients 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.