Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 210.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,469 shares of the company's stock after purchasing an additional 98,611 shares during the period. Hsbc Holdings PLC owned about 0.09% of Darling Ingredients worth $4,894,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in Darling Ingredients in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. bought a new position in Darling Ingredients in the fourth quarter worth approximately $86,000. First Horizon Advisors Inc. grew 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 worth $102,000 after purchasing an additional 712 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in Darling Ingredients during the 4th quarter worth $145,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DAR. Robert W. Baird dropped their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their price target on shares of 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 dropped their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and an average price target of $50.33.

Darling Ingredients Stock Down 0.5 %

DAR traded down $0.18 during trading on Friday, hitting $32.55. The stock had a trading volume of 2,007,920 shares, compared to its average volume of 2,255,351. The stock has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $35.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28. The company has a market capitalization of $5.15 billion, a PE ratio of 18.82 and a beta of 1.24.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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.