LGT Group Foundation Has $1.14 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

LGT Group Foundation increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,796 shares of the company’s stock after buying an additional 1,019 shares during the quarter. LGT Group Foundation’s holdings in Darling Ingredients were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DAR. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth approximately $58,000. Farther Finance Advisors LLC raised its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after purchasing an additional 687 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on DAR shares. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup lowered their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Stock Performance

DAR stock opened at $34.36 on Tuesday. The firm has a market cap of $5.46 billion, a PE ratio of 19.86 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $36.56 and a 200-day moving average of $37.63. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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.