GAM Holding AG bought a new position in shares of Darling Ingredients Inc (NYSE:DAR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,107 shares of the company’s stock, valued at approximately $673,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in Darling Ingredients by 759.5% in the first quarter. Quadrant Capital Group LLC now owns 1,358 shares of the company’s stock valued at $28,000 after purchasing an additional 1,200 shares during the last quarter. Enlightenment Research LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth approximately $31,000. Phocas Financial Corp. acquired a new stake in shares of Darling Ingredients during the 4th quarter worth approximately $35,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Darling Ingredients by 455.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,564 shares of the company’s stock worth $49,000 after purchasing an additional 2,102 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Darling Ingredients during the 1st quarter worth approximately $51,000. 96.17% of the stock is owned by institutional investors.
NYSE DAR opened at $19.44 on Wednesday. Darling Ingredients Inc has a fifty-two week low of $17.99 and a fifty-two week high of $22.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.60. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 21.84 and a beta of 1.22.
Separately, Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.
About Darling Ingredients
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.
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