UBS Group AG Has $27.70 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

UBS Group AG lifted its stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 555,811 shares of the company’s stock after purchasing an additional 132,079 shares during the quarter. UBS Group AG owned 0.35% of Darling Ingredients worth $27,702,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DAR. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth $29,000. Stone House Investment Management LLC grew its holdings in shares of Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth $31,000. Headlands Technologies LLC lifted its position in shares of Darling Ingredients by 483.8% during the 4th quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock worth $40,000 after buying an additional 658 shares during the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Darling Ingredients during the 4th quarter worth $50,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of DAR opened at $40.80 on Tuesday. Darling Ingredients Inc. has a 1 year low of $38.97 and a 1 year high of $71.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 12.22 and a beta of 1.31. The business has a 50-day moving average of $44.19 and a 200-day moving average of $44.52.

Darling Ingredients (NYSE:DARGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $1.16 EPS. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.95 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Kurt Stoffel acquired 8,000 shares of Darling Ingredients stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the completion of the purchase, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DAR. BMO Capital Markets dropped their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Stifel Nicolaus dropped their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Citigroup upped their price objective on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. dropped their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, Scotiabank dropped their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.80.

Check Out Our Latest Stock Analysis on DAR

About Darling Ingredients

(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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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