First Trust Advisors LP grew its holdings in Darling Ingredients Inc (NYSE:DAR) by 39.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,478 shares of the company’s stock after acquiring an additional 51,812 shares during the quarter. First Trust Advisors LP owned 0.11% of Darling Ingredients worth $3,308,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of Darling Ingredients by 10.4% in the second quarter. Public Employees Retirement System of Ohio now owns 14,628 shares of the company’s stock valued at $230,000 after acquiring an additional 1,376 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Darling Ingredients by 54.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock valued at $144,000 after acquiring an additional 2,808 shares during the period. Advisor Group Inc. boosted its position in shares of Darling Ingredients by 34.9% in the third quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock valued at $209,000 after acquiring an additional 3,086 shares during the period. KBC Group NV lifted its position in Darling Ingredients by 1.0% in the third quarter. KBC Group NV now owns 346,684 shares of the company’s stock worth $6,074,000 after purchasing an additional 3,578 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Darling Ingredients by 6.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 70,900 shares of the company’s stock worth $1,285,000 after purchasing an additional 4,200 shares during the period. 99.95% of the stock is owned by institutional investors.
Darling Ingredients Inc (DAR) opened at $18.13 on Wednesday. The company has a market capitalization of $3,043.21, a price-to-earnings ratio of 77.00 and a beta of 1.43. Darling Ingredients Inc has a 12-month low of $13.98 and a 12-month high of $19.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.07.
Several research analysts recently commented on the company. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday. BMO Capital Markets cut Darling Ingredients from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $19.00 to $20.00 in a research report on Thursday, March 1st. They noted that the move was a valuation call. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Darling Ingredients in a research report on Wednesday, February 28th. Finally, TheStreet cut Darling Ingredients from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.71.
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About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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