Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 86.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,975 shares of the company’s stock after acquiring an additional 33,332 shares during the period. South Dakota Investment Council’s holdings in Darling Ingredients were worth $3,587,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DAR. AE Wealth Management LLC grew its holdings in Darling Ingredients by 8.3% during the third quarter. AE Wealth Management LLC now owns 6,256 shares of the company’s stock worth $327,000 after acquiring an additional 478 shares during the period. IFP Advisors Inc grew its holdings in Darling Ingredients by 761.4% during the third quarter. IFP Advisors Inc now owns 5,935 shares of the company’s stock worth $310,000 after acquiring an additional 5,246 shares during the period. Exchange Traded Concepts LLC acquired a new position in Darling Ingredients during the third quarter worth about $38,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Darling Ingredients by 63.8% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 19,778 shares of the company’s stock worth $1,032,000 after acquiring an additional 7,703 shares during the period. Finally, Corbyn Investment Management Inc. MD increased its stake in Darling Ingredients by 208.2% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 21,946 shares of the company’s stock worth $1,146,000 after purchasing an additional 14,826 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DAR shares. Stifel Nicolaus dropped 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. Citigroup lifted their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Scotiabank dropped their price target on 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. JPMorgan Chase & Co. dropped their price target on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Finally, Stephens dropped their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.55.

Darling Ingredients Trading Down 0.0 %

Shares of NYSE DAR opened at $43.13 on Thursday. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60. The firm has a market capitalization of $6.89 billion, a PE ratio of 10.84 and a beta of 1.29. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $43.89 and a two-hundred day moving average price of $44.58.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. As a group, analysts predict that Darling Ingredients Inc. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.