SG Americas Securities LLC Purchases Shares of 18,179 Darling Ingredients Inc. (NYSE:DAR)

SG Americas Securities LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,179 shares of the company's stock, valued at approximately $568,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DAR. Sanctuary Advisors LLC raised its position in shares of Darling Ingredients by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company's stock worth $570,000 after acquiring an additional 707 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock valued at $206,000 after buying an additional 337 shares during the period. First Horizon Advisors Inc. lifted its stake in Darling Ingredients by 30.9% in 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 during the period. Union Bancaire Privee UBP SA acquired a new position in Darling Ingredients in the fourth quarter valued at about $679,000. Finally, Illinois Municipal Retirement Fund lifted its stake in Darling Ingredients by 29.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 79,517 shares of the company's stock valued at $2,679,000 after buying an additional 17,949 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DAR. TD Cowen cut their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Citigroup dropped their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Finally, Robert W. Baird decreased their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.07 during midday trading on Tuesday, hitting $38.60. 2,917,683 shares of the company's stock were exchanged, compared to its average volume of 2,194,620. The firm has a market capitalization of $6.10 billion, a PE ratio of 36.07 and a beta of 1.18. The company's 50 day moving average price is $33.20 and its 200 day moving average price is $33.86. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. Darling Ingredients's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.