Cerity Partners LLC Acquires Shares of 42,606 Darling Ingredients Inc. (NYSE:DAR)

Cerity Partners LLC acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 42,606 shares of the company’s stock, valued at approximately $2,123,000.

Several other institutional investors and hedge funds have also bought and sold shares of DAR. Moneta Group Investment Advisors LLC lifted its stake in Darling Ingredients by 107,533.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after acquiring an additional 7,656,389 shares during the period. Norges Bank acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $135,362,000. Triodos Investment Management BV acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at $34,698,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of Darling Ingredients by 2,618.7% in 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 period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Darling Ingredients by 10.4% in the 3rd 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. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $42.62 on Friday. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60. The firm has a market cap of $6.81 billion, a PE ratio of 10.71 and a beta of 1.29. The firm has a fifty day moving average of $43.85 and a 200 day moving average of $44.69. 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 released its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. As a group, research analysts predict that Darling Ingredients Inc. will post 3.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup boosted their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Scotiabank decreased 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 research note on Thursday, April 11th. BMO Capital Markets cut their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Finally, Stifel Nicolaus cut their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

About Darling Ingredients

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.