Cetera Trust Company N.A Takes Position in Darling Ingredients Inc. (NYSE:DAR)

Cetera Trust Company N.A acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors also recently made changes to their positions in the business. CWM LLC boosted its position in Darling Ingredients by 14.7% during the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after buying an additional 247 shares during the period. Signaturefd LLC boosted its position in Darling Ingredients by 34.2% during the 4th quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock valued at $54,000 after buying an additional 275 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Darling Ingredients by 141.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,207 shares of the company’s stock valued at $60,000 after buying an additional 707 shares during the period. Stone House Investment Management LLC boosted its position in Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Darling Ingredients by 6.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock valued at $229,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on DAR. 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. 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 report on Thursday, February 29th. JPMorgan Chase & Co. decreased their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Citigroup upped their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Scotiabank decreased their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients Stock Performance

DAR opened at $42.87 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 10.77 and a beta of 1.29. The company’s 50 day moving average is $43.85 and its 200 day moving average is $44.61. Darling Ingredients Inc. has a 12-month low of $38.97 and a 12-month high of $71.60.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data 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). The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. On average, equities research analysts predict that Darling Ingredients Inc. will post 3.32 EPS for the current year.

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.