South Dakota Investment Council Acquires 33,332 Shares of Darling Ingredients Inc. (NYSE:DAR)

South Dakota Investment Council raised its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 86.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,975 shares of the company's stock after acquiring an additional 33,332 shares during the period. South Dakota Investment Council's holdings in Darling Ingredients were worth $3,587,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Triodos Investment Management BV bought a new stake in shares of Darling Ingredients in the third quarter valued at about $34,698,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of Darling Ingredients by 2,618.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company's stock valued at $25,519,000 after buying an additional 470,886 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Darling Ingredients by 10.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company's stock valued at $248,256,000 after buying an additional 446,483 shares during the period. Raymond James & Associates lifted its stake in shares of 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 during the period. Finally, Deutsche Bank AG lifted its stake in shares of Darling Ingredients by 10.9% in the third quarter. Deutsche Bank AG now owns 3,858,209 shares of the company's stock valued at $201,399,000 after buying an additional 378,304 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DAR has been the subject of a number of analyst reports. Stifel Nicolaus cut 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 note on Monday, April 8th. BMO Capital Markets cut their price target 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. Scotiabank cut their price target 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 cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target 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 analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and an average target price of $72.55.

Insider Buying and Selling at Darling Ingredients

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

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded up $2.13 during midday trading on Thursday, reaching $45.26. The company had a trading volume of 5,367,926 shares, compared to its average volume of 2,097,900. 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 company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 11.41 and a beta of 1.29. The stock has a fifty day simple moving average of $43.92 and a 200 day simple moving average of $44.57. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.12). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 3.29 earnings per share for the current year.

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.