Arizona State Retirement System Increases Stake in Darling Ingredients Inc. (NYSE:DAR)

Arizona State Retirement System boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,834 shares of the company’s stock after purchasing an additional 301 shares during the period. Arizona State Retirement System’s holdings in Darling Ingredients were worth $2,185,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in shares of Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock worth $479,659,000 after buying an additional 7,656,389 shares during the period. Norges Bank acquired a new stake in Darling Ingredients during the 4th quarter worth about $135,362,000. Triodos Investment Management BV acquired a new stake in Darling Ingredients during the 3rd quarter worth about $34,698,000. Schonfeld Strategic Advisors LLC grew its stake in Darling Ingredients by 2,618.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after purchasing an additional 470,886 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Darling Ingredients by 10.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock valued at $248,256,000 after purchasing an additional 446,483 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DAR shares. Stifel Nicolaus decreased their target price on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday. BMO Capital Markets decreased their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Stephens cut their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Scotiabank reduced their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday. Finally, Citigroup upped their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.82.

Darling Ingredients Stock Down 4.5 %

DAR opened at $45.43 on Friday. The company has a fifty day moving average of $43.78 and a two-hundred day moving average of $45.10. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 11.41 and a beta of 1.29. Darling Ingredients Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. On average, research analysts expect that Darling Ingredients Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of Darling Ingredients stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the purchase, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.26% of the stock is owned by corporate insiders.

Darling Ingredients Company 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.