295,728 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Covalis Capital LLP

Covalis Capital LLP bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 295,728 shares of the company's stock, valued at approximately $9,963,000. Darling Ingredients makes up 1.5% of Covalis Capital LLP's investment portfolio, making the stock its 25th biggest holding. Covalis Capital LLP owned approximately 0.19% of Darling Ingredients at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its stake in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after acquiring an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in Darling Ingredients in the fourth quarter worth about $86,000. First Horizon Advisors Inc. raised its stake in Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in shares of Darling Ingredients in the 4th quarter worth approximately $145,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on DAR shares. Stephens reissued an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. TD Cowen decreased their price objective on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a report on Friday, April 4th. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Finally, Robert W. Baird lowered their price objective on shares of Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.78.

Darling Ingredients Stock Up 0.8 %

Shares of DAR traded up $0.24 during midday trading on Thursday, reaching $30.59. 2,320,157 shares of the stock were exchanged, compared to its average volume of 2,249,734. The firm has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $35.59. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $47.28. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 17.67 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.66). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS 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.