Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Private Management Group Inc.

Private Management Group Inc. grew its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 39.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,317 shares of the company's stock after purchasing an additional 127,535 shares during the quarter. Private Management Group Inc. owned approximately 0.28% of Darling Ingredients worth $22,444,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in Darling Ingredients by 106.9% in the third quarter. Raymond James & Associates now owns 818,468 shares of the company's stock valued at $42,724,000 after buying an additional 422,822 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Darling Ingredients by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 629,795 shares of the company's stock valued at $31,301,000 after purchasing an additional 35,290 shares in the last quarter. Wellington Management Group LLP raised its holdings in Darling Ingredients by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 758,984 shares of the company's stock worth $39,619,000 after purchasing an additional 32,147 shares during the period. Barclays PLC boosted its position in Darling Ingredients by 14.2% during the third quarter. Barclays PLC now owns 195,499 shares of the company's stock worth $10,203,000 after purchasing an additional 24,379 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Darling Ingredients by 55.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 109,883 shares of the company's stock valued at $5,477,000 after purchasing an additional 39,175 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Up 0.6 %

Darling Ingredients stock traded up $0.27 during midday trading on Tuesday, hitting $43.15. 1,652,680 shares of the stock were exchanged, compared to its average volume of 2,052,086. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 10.82 and a beta of 1.29. The stock's 50-day simple moving average is $43.85 and its 200 day simple moving average is $44.61. 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 released its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.65 billion. On average, equities analysts anticipate that Darling Ingredients Inc. will post 3.32 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the acquisition, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.26% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DAR shares. Stifel Nicolaus reduced their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 8th. BMO Capital Markets reduced their target price on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, February 29th. Citigroup lifted their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price objective on Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating for the company in a research note on Wednesday, April 17th. Finally, Stephens lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently 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.

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.