UBS Group AG Raises Stake in Darling Ingredients Inc. (NYSE:DAR)

UBS Group AG boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 141.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,110 shares of the company’s stock after acquiring an additional 121,481 shares during the period. UBS Group AG owned 0.13% of Darling Ingredients worth $12,963,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Darling Ingredients by 21.4% in the third quarter. Assetmark Inc. now owns 913 shares of the company’s stock worth $60,000 after buying an additional 161 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Darling Ingredients by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 22,430 shares of the company’s stock worth $1,403,000 after buying an additional 190 shares during the last quarter. Utah Retirement Systems raised its holdings in Darling Ingredients by 0.7% in the third quarter. Utah Retirement Systems now owns 28,800 shares of the company’s stock worth $1,905,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Darling Ingredients by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 42,900 shares of the company’s stock worth $2,685,000 after buying an additional 200 shares during the last quarter. Finally, Avestar Capital LLC raised its holdings in shares of Darling Ingredients by 2.9% during the fourth quarter. Avestar Capital LLC now owns 8,036 shares of the company’s stock valued at $503,000 after purchasing an additional 229 shares during the last quarter. 90.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DAR shares. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Stifel Nicolaus decreased their price objective on shares of Darling Ingredients from $121.00 to $120.00 in a report on Friday. BMO Capital Markets boosted their price objective on shares of Darling Ingredients from $80.00 to $85.00 in a report on Thursday, May 11th. Stephens reissued an “equal weight” rating and set a $75.00 price objective on shares of Darling Ingredients in a report on Tuesday, February 28th. Finally, Robert W. Baird decreased their price objective on shares of Darling Ingredients from $108.00 to $106.00 and set an “outperform” rating for the company in a report on Thursday, April 13th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $90.08.

Darling Ingredients Stock Performance

DAR opened at $64.82 on Monday. The firm has a market cap of $10.34 billion, a P/E ratio of 14.40 and a beta of 1.23. Darling Ingredients Inc. has a 1-year low of $51.77 and a 1-year high of $87.59. The company has a 50 day simple moving average of $58.17 and a two-hundred day simple moving average of $63.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.73 and a quick ratio of 0.98.

Darling Ingredients (NYSE:DAR – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.20). The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.80 billion. Darling Ingredients had a return on equity of 19.99% and a net margin of 10.57%. Equities analysts forecast that Darling Ingredients Inc. will post 5.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Patrick Mcnutt bought 900 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the transaction, the executive vice president now owns 12,287 shares in the company, valued at $664,358.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Patrick Mcnutt bought 900 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the transaction, the executive vice president now owns 12,287 shares in the company, valued at $664,358.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Barden bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average price of $63.74 per share, with a total value of $191,220.00. Following the transaction, the director now owns 16,726 shares of the company’s stock, valued at approximately $1,066,115.24. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 4,400 shares of company stock worth $266,958. 2.62% of the stock is owned by insiders.

About Darling Ingredients

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.