Schroder Investment Management Group Raises Position in Darling Ingredients Inc. (NYSE:DAR)

Schroder Investment Management Group increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 19.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,425,277 shares of the company’s stock after purchasing an additional 389,980 shares during the period. Schroder Investment Management Group’s holdings in Darling Ingredients were worth $80,034,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DAR. Erste Asset Management GmbH purchased a new stake in shares of Darling Ingredients during the third quarter worth about $30,545,000. Sycomore Asset Management grew its position in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock worth $4,743,000 after purchasing an additional 65,444 shares during the last quarter. KBC Group NV grew its position in Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after purchasing an additional 66,966 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Darling Ingredients in the fourth quarter worth $13,769,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DAR. Citigroup cut their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

Darling Ingredients Stock Down 1.0 %

Shares of DAR opened at $31.58 on Monday. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.25 and a beta of 1.25. Darling Ingredients Inc. has a 52 week low of $27.20 and a 52 week high of $48.39. The stock’s 50-day moving average price is $35.06 and its 200-day moving average price is $36.46. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.