Allianz Asset Management GmbH Acquires 8,663 Shares of Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Allianz Asset Management GmbH increased its stake in Darling Ingredients Inc. by 12%, owning approximately 81,019 shares worth about $2.53 million as of the latest filing.
• Institutional investors collectively hold 94.44% of Darling Ingredients' stock, indicating strong institutional interest in the company.
• The consensus price target for Darling Ingredients is $45.86, with several analysts issuing buy ratings despite recent price target reductions.

Allianz Asset Management GmbH grew its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,019 shares of the company's stock after purchasing an additional 8,663 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.05% of Darling Ingredients worth $2,531,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC grew its position in shares of Darling Ingredients by 13.6% during the 4th quarter. LPL Financial LLC now owns 33,100 shares of the company's stock valued at $1,115,000 after buying an additional 3,954 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Darling Ingredients by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock valued at $524,486,000 after buying an additional 203,921 shares during the last quarter. Norges Bank bought a new stake in shares of Darling Ingredients during the 4th quarter valued at about $63,956,000. California Public Employees Retirement System grew its position in shares of Darling Ingredients by 1.3% during the 4th quarter. California Public Employees Retirement System now owns 296,913 shares of the company's stock valued at $10,003,000 after buying an additional 3,801 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Darling Ingredients by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 825,472 shares of the company's stock valued at $27,810,000 after buying an additional 24,489 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Citigroup decreased their target price 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. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.86.

Darling Ingredients Price Performance

DAR stock traded down $0.79 during trading on Friday, hitting $31.59. 2,295,971 shares of the stock traded hands, compared to its average volume of 2,391,305. 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 $5.00 billion, a price-to-earnings ratio of 47.86 and a beta of 1.23. The company has a 50 day simple moving average of $35.29 and a 200 day simple moving average of $34.25. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

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

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.