Cwm LLC Raises Position in Darling Ingredients Inc. (NYSE:DAR)

Cwm LLC lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 14.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,922 shares of the company’s stock after buying an additional 247 shares during the period. Cwm LLC’s holdings in Darling Ingredients were worth $96,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Darling Ingredients by 10.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock worth $248,256,000 after acquiring an additional 446,483 shares during the last quarter. Deutsche Bank AG boosted its holdings in Darling Ingredients by 10.9% during the third quarter. Deutsche Bank AG now owns 3,858,209 shares of the company’s stock worth $201,399,000 after purchasing an additional 378,304 shares during the last quarter. FMR LLC grew its position in Darling Ingredients by 9.3% in the 3rd quarter. FMR LLC now owns 3,204,162 shares of the company’s stock worth $167,257,000 after purchasing an additional 272,184 shares in the last quarter. DNB Asset Management AS increased its stake in Darling Ingredients by 16.3% in the 4th quarter. DNB Asset Management AS now owns 1,492,158 shares of the company’s stock valued at $74,369,000 after buying an additional 208,584 shares during the last quarter. Finally, Channing Capital Management LLC lifted its position in shares of Darling Ingredients by 23.5% during the 3rd quarter. Channing Capital Management LLC now owns 1,383,150 shares of the company’s stock worth $72,200,000 after buying an additional 263,599 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 2.8 %

DAR opened at $44.52 on Wednesday. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The company has a market cap of $7.11 billion, a PE ratio of 13.33 and a beta of 1.31. The company has a current ratio of 4.20, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $44.10 and a 200 day moving average of $44.44.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $1.16 earnings per share. Darling Ingredients’s revenue was down 20.7% on a year-over-year basis. On average, sell-side analysts expect that Darling Ingredients Inc. will post 3.08 EPS for the current year.

Insider Buying and Selling 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 cost of $41.62 per share, with a total value 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 document filed with the SEC, which is available at this link. Insiders own 2.26% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several recent analyst reports. Scotiabank reduced their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets lowered their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Stephens cut their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Stifel Nicolaus decreased their price objective 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients 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.