Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Darling Ingredients Inc. by 2.4%, owning approximately 2.15% of the company, worth about $106 million as per its latest SEC filing.
• Several institutional investors have added to their holdings in Darling Ingredients, with hedge funds collectively owning 94.44% of the company's stock.
• Wall Street analysts have mixed ratings for Darling Ingredients, with a general consensus rating of "Moderate Buy" and an average target price of $45.86.

Deutsche Bank AG raised its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,394,250 shares of the company's stock after purchasing an additional 78,770 shares during the period. Deutsche Bank AG owned 2.15% of Darling Ingredients worth $106,036,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its stake in Darling Ingredients by 13.6% in the 4th quarter. LPL Financial LLC now owns 33,100 shares of the company's stock valued at $1,115,000 after purchasing an additional 3,954 shares during the period. FMR LLC boosted its stake in Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company's stock valued at $132,049,000 after acquiring an additional 595,325 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Darling Ingredients by 40.2% during the 4th quarter. Bank of Montreal Can now owns 157,327 shares of the company's stock worth $5,300,000 after purchasing an additional 45,075 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Darling Ingredients by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after purchasing an additional 440 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Darling Ingredients by 49.2% during the fourth quarter. Sterling Capital Management LLC now owns 10,267 shares of the company's stock valued at $346,000 after purchasing an additional 3,386 shares during the period. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Down 3.0%

Shares of DAR stock traded down $0.97 on Thursday, reaching $31.08. 896,219 shares of the company's stock were exchanged, compared to its average volume of 2,357,428. The company's fifty day simple moving average is $35.24 and its 200 day simple moving average is $33.92. The stock has a market capitalization of $4.92 billion, a PE ratio of 47.06 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the firm posted $0.49 EPS. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Robert W. Baird reiterated a "neutral" rating and set a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Baird R W cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group boosted their price target on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus price target of $45.86.

About Darling Ingredients

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.