NBC Securities Inc. Boosts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

NBC Securities Inc. lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 118,519.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,910 shares of the company's stock after buying an additional 24,889 shares during the period. NBC Securities Inc.'s holdings in Darling Ingredients were worth $778,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Darling Ingredients in the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB grew its holdings 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 buying an additional 721 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in shares of Darling Ingredients during the fourth quarter worth about $86,000. First Horizon Advisors Inc. grew its holdings in shares of Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock worth $102,000 after purchasing an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Darling Ingredients in the 4th quarter worth approximately $109,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Down 0.6%

Darling Ingredients stock traded down $0.19 during trading on Thursday, reaching $30.41. 1,364,584 shares of the company were exchanged, compared to its average volume of 2,157,990. The stock's 50 day simple moving average is $31.66 and its two-hundred day simple moving average is $34.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $4.81 billion, a P/E ratio of 17.58 and a beta of 1.25. 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, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on DAR shares. Citigroup decreased their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Robert W. Baird cut their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

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.