Millennium Management LLC increased its holdings in shares of Darling Ingredients Inc (NYSE:DAR) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,878,742 shares of the company’s stock after buying an additional 587,645 shares during the quarter. Millennium Management LLC owned 1.14% of Darling Ingredients worth $34,062,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Darling Ingredients by 54.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock worth $144,000 after purchasing an additional 2,808 shares in the last quarter. Assetmark Inc. bought a new position in Darling Ingredients during the 4th quarter worth about $163,000. Advisor Group Inc. increased its holdings in Darling Ingredients by 34.9% during the 3rd quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock worth $209,000 after purchasing an additional 3,086 shares in the last quarter. MML Investors Services LLC bought a new position in Darling Ingredients during the 4th quarter worth about $223,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Darling Ingredients during the 4th quarter worth about $237,000. Hedge funds and other institutional investors own 99.94% of the company’s stock.
Darling Ingredients stock opened at $17.03 on Friday. The firm has a market capitalization of $2,804.43, a PE ratio of 70.96 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc has a 1-year low of $14.05 and a 1-year high of $19.50.
A number of equities analysts have issued reports on DAR shares. Goldman Sachs reiterated a “neutral” rating on shares of Darling Ingredients in a report on Thursday, March 1st. Zacks Investment Research cut Darling Ingredients from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet upgraded Darling Ingredients from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. Finally, BMO Capital Markets cut Darling Ingredients from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.71.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3299773/darling-ingredients-inc-dar-shares-bought-by-millennium-management-llc.html.
Darling Ingredients Company Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.