Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 55.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,883 shares of the company's stock after acquiring an additional 39,175 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Darling Ingredients worth $5,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of Darling Ingredients by 38.9% during the second quarter. IFP Advisors Inc now owns 689 shares of the company's stock worth $44,000 after purchasing an additional 193 shares during the period. Advisor Partners II LLC increased its position in shares of Darling Ingredients by 7.1% in the fourth quarter. Advisor Partners II LLC now owns 3,329 shares of the company's stock valued at $208,000 after buying an additional 220 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in shares of Darling Ingredients by 2.3% in the third quarter. Outlook Wealth Advisors LLC now owns 10,722 shares of the company's stock valued at $560,000 after buying an additional 243 shares in the last quarter. Xponance Inc. increased its position in shares of Darling Ingredients by 1.3% in the third quarter. Xponance Inc. now owns 19,806 shares of the company's stock valued at $1,034,000 after buying an additional 250 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Darling Ingredients by 5.0% during the second quarter. CIBC Asset Management Inc now owns 5,558 shares of the company's stock worth $355,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DAR. Stephens lowered their price objective on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 24th. BMO Capital Markets decreased their price target on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, February 29th. Citigroup upped their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $95.00 price target (down previously from $120.00) on shares of Darling Ingredients in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus price target of $76.00.

Darling Ingredients Stock Down 0.5 %

Shares of DAR traded down $0.23 during mid-day trading on Friday, reaching $44.69. The company's stock had a trading volume of 1,928,517 shares, compared to its average volume of 2,009,314. Darling Ingredients Inc. has a 12-month low of $38.97 and a 12-month high of $71.60. The stock has a market cap of $7.14 billion, a PE ratio of 11.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The company's 50 day moving average is $43.56 and its 200 day moving average is $45.33.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.65 billion. Equities analysts anticipate that Darling Ingredients Inc. will post 3.63 EPS for the current fiscal year.

Insider Activity at Darling Ingredients

In other news, Director Kurt Stoffel bought 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.62% of the company's stock.

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.