Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 111.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,212 shares of the company’s stock after purchasing an additional 15,933 shares during the period. Illinois Municipal Retirement Fund’s holdings in Darling Ingredients were worth $1,506,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Darling Ingredients by 10.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock worth $248,256,000 after buying an additional 446,483 shares during the period. Deutsche Bank AG increased its stake 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 period. FMR LLC lifted its position in shares of Darling Ingredients by 9.3% during the third 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 boosted its stake in shares of Darling Ingredients by 16.3% in the fourth quarter. DNB Asset Management AS now owns 1,492,158 shares of the company’s stock valued at $74,369,000 after purchasing an additional 208,584 shares during the period. Finally, Channing Capital Management LLC boosted its position in Darling Ingredients by 23.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,383,150 shares of the company’s stock valued at $72,200,000 after buying an additional 263,599 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DAR shares. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Stifel Nicolaus cut their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Scotiabank decreased their price objective on 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. Stephens lowered their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Citigroup raised their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.55.

Darling Ingredients Stock Down 1.3 %

DAR stock opened at $44.68 on Friday. The stock has a market cap of $7.14 billion, a P/E ratio of 11.22 and a beta of 1.29. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The company’s 50 day moving average is $43.97 and its two-hundred day moving average is $44.58.

Darling Ingredients (NYSE:DAR) last announced its quarterly 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 15.05% and a net margin of 9.54%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Darling Ingredients’s revenue was down 20.7% compared to the same quarter last year. Research analysts expect that Darling Ingredients Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.62% of the company’s stock.

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.