BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 87.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,477 shares of the company's stock after purchasing an additional 49,292 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.07% of Darling Ingredients worth $3,554,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB grew its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. raised its stake in shares of Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock worth $102,000 after purchasing an additional 712 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $145,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

DAR traded up $1.53 during trading on Friday, reaching $31.98. 3,456,962 shares of the stock were exchanged, compared to its average volume of 2,250,483. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 18.49 and a beta of 1.19. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $47.28. The business's 50 day moving average price is $31.72 and its two-hundred day moving average price is $35.51.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday. TD Cowen lowered their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday. Stephens reissued an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Robert W. Baird dropped their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.33.

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.