Northern Trust Corp Buys 190,908 Shares of Darling Ingredients Inc. (NYSE:DAR)

Northern Trust Corp grew its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,402,348 shares of the company's stock after buying an additional 190,908 shares during the quarter. Northern Trust Corp owned 0.88% of Darling Ingredients worth $47,245,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DAR. Boothbay Fund Management LLC purchased a new stake in Darling Ingredients during the 4th quarter worth about $313,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $7,109,000. Voya Investment Management LLC raised its position in shares of Darling Ingredients by 7.3% in the fourth quarter. Voya Investment Management LLC now owns 46,520 shares of the company's stock valued at $1,567,000 after buying an additional 3,154 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Darling Ingredients by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 61,406 shares of the company's stock valued at $2,069,000 after buying an additional 18,368 shares during the last quarter. Finally, Southernsun Asset Management LLC raised its position in shares of Darling Ingredients by 5.4% in the fourth quarter. Southernsun Asset Management LLC now owns 1,567,052 shares of the company's stock valued at $52,794,000 after buying an additional 79,594 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

DAR stock traded up $1.18 during midday trading on Tuesday, hitting $36.69. 1,570,774 shares of the company traded hands, compared to its average volume of 2,254,395. 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 business has a 50 day simple moving average of $30.87 and a 200-day simple moving average of $35.16. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 21.21 and a beta of 1.25. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup reduced 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. TD Cowen reduced 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. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $50.33.

Darling Ingredients Company 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.