Bank Julius Baer & Co. Ltd Zurich Grows Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 49.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221,097 shares of the company's stock after buying an additional 73,567 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.14% of Darling Ingredients worth $7,321,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the fourth quarter valued at approximately $25,000. Hexagon Capital Partners LLC grew its position in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after buying an additional 500 shares during the period. UMB Bank n.a. grew its position in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after buying an additional 1,373 shares during the period. GAMMA Investing LLC grew its position in Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after buying an additional 1,038 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Darling Ingredients by 19.8% in the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after purchasing an additional 468 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded down $0.88 during midday trading on Friday, reaching $34.31. 3,119,103 shares of the company were exchanged, compared to its average volume of 2,478,032. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The business's fifty day moving average is $35.25 and its two-hundred day moving average is $34.30. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The stock has a market cap of $5.43 billion, a PE ratio of 51.98 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.37% and a net margin of 1.85%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.49 EPS. Darling Ingredients's revenue was up 1.8% compared to the same quarter last year. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on DAR. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Citigroup dropped their price target 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. TD Cowen dropped their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Finally, Baird R W lowered shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $45.57.

Darling Ingredients Company 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.