24,862 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by Sycomore Asset Management

Sycomore Asset Management acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,862 shares of the company's stock, valued at approximately $1,249,000.

A number of other large investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Darling Ingredients by 10.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company's stock worth $248,256,000 after acquiring an additional 446,483 shares during the period. Deutsche Bank AG grew its position in Darling Ingredients by 10.9% in the third quarter. Deutsche Bank AG now owns 3,858,209 shares of the company's stock worth $201,399,000 after acquiring an additional 378,304 shares in the last quarter. FMR LLC grew its position in Darling Ingredients by 9.3% in the third quarter. FMR LLC now owns 3,204,162 shares of the company's stock worth $167,257,000 after acquiring an additional 272,184 shares in the last quarter. DNB Asset Management AS grew its position in Darling Ingredients by 16.3% in the fourth quarter. DNB Asset Management AS now owns 1,492,158 shares of the company's stock worth $74,369,000 after acquiring an additional 208,584 shares in the last quarter. Finally, Channing Capital Management LLC grew its position in Darling Ingredients by 23.5% in the third quarter. Channing Capital Management LLC now owns 1,383,150 shares of the company's stock worth $72,200,000 after acquiring an additional 263,599 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Insiders Place Their Bets

In related news, Director Kurt Stoffel acquired 8,000 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.26% of the company's stock.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded down $0.01 during mid-day trading on Wednesday, reaching $43.13. 2,335,848 shares of the stock were exchanged, compared to its average volume of 2,055,694. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 10.85 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. The firm has a 50-day simple moving average of $43.89 and a 200 day simple moving average of $44.58. 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. On average, sell-side analysts predict that Darling Ingredients Inc. will post 3.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup increased their price target 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. Stifel Nicolaus dropped their price objective on shares of Darling Ingredients from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, April 8th. Stephens dropped their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. BMO Capital Markets dropped their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating for the company in a research note on Wednesday, April 17th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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