42,606 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 42,606 shares of the company's stock, valued at approximately $2,123,000.

Several other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Darling Ingredients in the fourth quarter worth $29,000. Millburn Ridgefield Corp acquired a new position in Darling Ingredients during the 3rd quarter worth $31,000. Catalyst Capital Advisors LLC purchased a new stake in Darling Ingredients during the 3rd quarter worth about $31,000. IFP Advisors Inc raised its position in Darling Ingredients by 38.9% in the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company's stock valued at $44,000 after purchasing an additional 193 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Darling Ingredients in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $1.43 during trading hours on Friday, reaching $42.61. The stock had a trading volume of 2,561,413 shares, compared to its average volume of 2,115,897. The firm has a 50-day moving average of $43.85 and a 200-day moving average of $44.67. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 10.71 and a beta of 1.29. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $71.60.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.65 billion. Equities research analysts predict that Darling Ingredients Inc. will post 3.41 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the purchase, the director now owns 10,571 shares of the company's stock, valued at $439,965.02. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DAR shares. Citigroup raised their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. BMO Capital Markets reduced their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Scotiabank lowered their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 11th. Stephens dropped their target price on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. Finally, Stifel Nicolaus decreased their price target on Darling Ingredients from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average price target of $72.55.

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.