Planned Solutions Inc. Acquires Shares of 1,000 Darling Ingredients Inc. (NYSE:DAR)

Planned Solutions Inc. acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. HighTower Advisors LLC raised its stake in Darling Ingredients by 97.9% during the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock valued at $1,133,000 after acquiring an additional 6,999 shares during the last quarter. Bank of Montreal Can raised its stake in Darling Ingredients by 20.4% during the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock valued at $1,697,000 after acquiring an additional 3,563 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Darling Ingredients during the 1st quarter worth approximately $141,000. Panagora Asset Management Inc. purchased a new position in shares of Darling Ingredients during the 1st quarter worth approximately $447,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Darling Ingredients by 8.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock worth $7,366,000 after buying an additional 6,770 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of analyst reports. Citigroup cut their target price on Darling Ingredients from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Stephens cut their target price on 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. BMO Capital Markets cut their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price (down from $120.00) on shares of Darling Ingredients in a research note on Wednesday, March 6th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $75.80.

Check Out Our Latest Stock Analysis on Darling Ingredients

Darling Ingredients Stock Performance

NYSE DAR opened at $46.50 on Friday. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60. The company has a market capitalization of $7.43 billion, a P/E ratio of 11.68 and a beta of 1.28. The business has a 50 day moving average price of $43.41 and a 200 day moving average price of $45.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10.

Darling Ingredients (NYSE:DARGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Sell-side analysts expect that Darling Ingredients Inc. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the acquisition, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.62% of the stock is owned by insiders.

Darling Ingredients Profile

(Free Report)

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.

See Also

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.