Banque Pictet & Cie SA Decreases Stake in Darling Ingredients Inc. (NYSE:DAR)

Banque Pictet & Cie SA reduced its position in Darling Ingredients Inc. (NYSE:DARGet Rating) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,148 shares of the company’s stock after selling 502 shares during the period. Banque Pictet & Cie SA’s holdings in Darling Ingredients were worth $248,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV lifted its position in shares of Darling Ingredients by 591.5% in the second quarter. KBC Group NV now owns 24,595 shares of the company’s stock worth $1,471,000 after buying an additional 21,038 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Darling Ingredients by 10.3% during the first quarter. Coldstream Capital Management Inc. now owns 8,799 shares of the company’s stock worth $707,000 after acquiring an additional 824 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Darling Ingredients during the first quarter worth approximately $203,000. Northwestern Mutual Investment Management Company LLC increased its stake in Darling Ingredients by 0.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 27,035 shares of the company’s stock worth $1,617,000 after acquiring an additional 160 shares during the last quarter. Finally, Sawtooth Solutions LLC increased its stake in Darling Ingredients by 106.5% during the second quarter. Sawtooth Solutions LLC now owns 7,257 shares of the company’s stock worth $434,000 after acquiring an additional 3,743 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 1.8 %

Shares of NYSE DAR opened at $75.78 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.96 and a current ratio of 1.59. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 16.92 and a beta of 1.26. The stock has a 50 day moving average price of $74.61 and a 200 day moving average price of $72.71. Darling Ingredients Inc. has a 52-week low of $55.71 and a 52-week high of $87.59.

Analyst Ratings Changes

Several equities research analysts have weighed in on DAR shares. Stifel Nicolaus started coverage on Darling Ingredients in a research note on Monday, September 12th. They set a “buy” rating and a $101.00 price objective on the stock. Raymond James boosted their price objective on Darling Ingredients from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 11th. StockNews.com initiated coverage on Darling Ingredients in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Robert W. Baird upped their target price on Darling Ingredients from $100.00 to $109.00 in a research note on Thursday, August 11th. Finally, Jefferies Financial Group initiated coverage on Darling Ingredients in a research note on Wednesday, October 19th. They set a “buy” rating and a $102.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.60.

About Darling Ingredients

(Get Rating)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

Featured Stories

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:DARGet Rating).

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.