CoreCommodity Management LLC Buys 33,114 Shares of Darling Ingredients Inc. (NYSE:DAR)

CoreCommodity Management LLC grew its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,003 shares of the company's stock after purchasing an additional 33,114 shares during the period. Darling Ingredients comprises about 0.9% of CoreCommodity Management LLC's portfolio, making the stock its 15th largest position. CoreCommodity Management LLC owned approximately 0.08% of Darling Ingredients worth $4,515,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in Darling Ingredients by 3.3% during the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company's stock valued at $303,000 after buying an additional 286 shares during the last quarter. Ironwood Investment Management LLC grew its position in Darling Ingredients by 0.7% during the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock valued at $1,414,000 after purchasing an additional 297 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock valued at $206,000 after acquiring an additional 337 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Darling Ingredients by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock worth $330,000 after buying an additional 406 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Darling Ingredients by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after buying an additional 440 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen reduced their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Citigroup reduced 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 note on Tuesday, April 15th. StockNews.com raised 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 report on Thursday, January 23rd. Finally, Robert W. Baird decreased their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.33.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded up $1.61 during midday trading on Monday, reaching $35.64. The company's stock had a trading volume of 1,256,699 shares, compared to its average volume of 2,247,667. The business's fifty day simple moving average is $30.83 and its 200-day simple moving average is $35.18. The company has a market capitalization of $5.64 billion, a P/E ratio of 20.59 and a beta of 1.25. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.28. 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 announced its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (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 firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $0.50 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.