Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,946 shares of the company’s stock after acquiring an additional 25,298 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Darling Ingredients were worth $4,483,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in shares of Darling Ingredients during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC acquired a new position in Darling Ingredients during the third quarter worth $31,000. Exchange Traded Concepts LLC purchased a new stake in Darling Ingredients in the 3rd quarter valued at $38,000. IFP Advisors Inc increased its stake in shares of Darling Ingredients by 38.9% in the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company’s stock worth $44,000 after acquiring an additional 193 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in shares of Darling Ingredients during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DAR. Citigroup upped their price objective 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. Stephens cut their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus cut their target price on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Finally, BMO Capital Markets reduced their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and an average price target of $72.55.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Up 3.5 %

Shares of DAR opened at $42.62 on Friday. The company’s 50-day simple moving average is $43.85 and its 200-day simple moving average is $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 Inc. has a 1 year low of $38.97 and a 1 year high of $71.60. The stock has a market capitalization of $6.81 billion, a PE ratio of 10.71 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last announced its earnings results 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). 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. Analysts forecast that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

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.