150,000 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Sourcerock Group LLC

Sourcerock Group LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 150,000 shares of the company's stock, valued at approximately $5,054,000. Sourcerock Group LLC owned 0.09% of Darling Ingredients as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC purchased a new position in Darling Ingredients in the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB raised its position in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. boosted its stake 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 valued at $102,000 after purchasing an additional 712 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $109,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

DAR has been the subject of a number of analyst reports. TD Cowen dropped their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Robert W. Baird dropped their price objective 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. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Citigroup reduced their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Trading Down 0.5%

Shares of NYSE:DAR traded down $0.17 on Friday, hitting $31.54. The company had a trading volume of 1,408,375 shares, compared to its average volume of 2,245,890. The firm's 50-day simple moving average is $31.55 and its two-hundred day simple moving average is $34.88. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.23 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients 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.