Comerica Bank Boosts Holdings in Darling Ingredients Inc. (NYSE:DAR)

Comerica Bank increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,365 shares of the company's stock after buying an additional 41,856 shares during the period. Comerica Bank owned about 0.10% of Darling Ingredients worth $5,234,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Darling Ingredients by 32.8% in the third quarter. Barclays PLC now owns 1,332,869 shares of the company's stock valued at $49,529,000 after purchasing an additional 328,893 shares during the period. Tidal Investments LLC grew its position in shares of Darling Ingredients by 47.3% during the third quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock worth $745,000 after buying an additional 6,442 shares in the last quarter. First Hawaiian Bank increased its stake in shares of Darling Ingredients by 10.8% during the fourth quarter. First Hawaiian Bank now owns 16,521 shares of the company's stock worth $557,000 after buying an additional 1,609 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Darling Ingredients by 18.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock valued at $299,000 after acquiring an additional 1,257 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in Darling Ingredients by 142.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 13,172 shares of the company's stock worth $444,000 after acquiring an additional 7,731 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Stephens reaffirmed an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Robert W. Baird cut their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. TD Cowen lowered their price target on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Finally, Citigroup cut their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.33.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $32.52 on Tuesday. The firm's fifty day simple moving average is $30.97 and its 200-day simple moving average is $35.32. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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.

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