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Mercer Global Advisors Inc. ADV Takes Position in Darling Ingredients Inc. (NYSE:DAR)

Darling Ingredients logo with Consumer Staples background

Mercer Global Advisors Inc. ADV bought a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 66,029 shares of the company's stock, valued at approximately $2,225,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. M&T Bank Corp boosted its stake in Darling Ingredients by 3.3% during the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company's stock valued at $303,000 after purchasing an additional 286 shares during the period. Ironwood Investment Management LLC raised its holdings in shares of Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock valued at $1,414,000 after buying an additional 297 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after buying an additional 337 shares during the period. Metis Global Partners LLC grew its holdings in Darling Ingredients by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock worth $330,000 after buying an additional 406 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in 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 valued at $2,348,000 after acquiring an additional 440 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird lowered 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. TD Cowen cut their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Finally, StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.33.

Read Our Latest Stock Analysis on DAR

Darling Ingredients Stock Up 3.3%

Shares of DAR traded up $1.16 during mid-day trading on Tuesday, reaching $36.67. The company's stock had a trading volume of 369,559 shares, compared to its average volume of 2,248,249. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 21.20 and a beta of 1.25. The business has a fifty day moving average of $30.87 and a 200 day moving average of $35.16. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $47.28.

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 (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 business 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 company posted $0.50 earnings per share. The firm's revenue was down 2.8% on a year-over-year basis. As a group, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

About Darling Ingredients

(Free Report)

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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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