Russell Investments Group Ltd. Boosts Stake in Darling Ingredients Inc. (NYSE:DAR)

Russell Investments Group Ltd. lifted its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 75.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 287,082 shares of the company's stock after purchasing an additional 123,839 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Darling Ingredients worth $14,338,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its holdings in Darling Ingredients by 111.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company's stock worth $1,506,000 after acquiring an additional 15,933 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Darling Ingredients by 28.9% in the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company's stock worth $50,250,000 after purchasing an additional 226,134 shares during the last quarter. Raymond James & Associates increased its holdings in Darling Ingredients by 106.9% during the 3rd quarter. Raymond James & Associates now owns 818,468 shares of the company's stock valued at $42,724,000 after purchasing an additional 422,822 shares during the period. Nordea Investment Management AB raised its position in Darling Ingredients by 5.9% during 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 during the last quarter. Finally, South Dakota Investment Council lifted its holdings in Darling Ingredients by 86.3% in the 4th quarter. South Dakota Investment Council now owns 71,975 shares of the company's stock worth $3,587,000 after buying an additional 33,332 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 0.4 %

Shares of NYSE DAR traded up $0.18 on Friday, reaching $42.82. 1,146,853 shares of the company's stock traded hands, compared to its average volume of 2,382,899. The business's 50 day simple moving average is $44.05 and its two-hundred day simple moving average is $44.43. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 12.82 and a beta of 1.31. The company has a quick ratio of 1.10, a current ratio of 4.20 and a debt-to-equity ratio of 0.16.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The business's revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 3.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kurt Stoffel purchased 8,000 shares of Darling Ingredients stock in a transaction dated Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the purchase, the director now directly owns 10,571 shares of the company's stock, valued at approximately $439,965.02. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.62% of the company's stock.

Wall Street Analyst Weigh In

DAR has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus decreased their price objective on shares of Darling Ingredients from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 8th. Scotiabank cut their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 11th. Citigroup boosted their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. Finally, Stephens lowered 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 report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.55.

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.