Treasurer of the State of North Carolina Acquires 440 Shares of Darling Ingredients Inc. (NYSE:DAR)

Treasurer of the State of North Carolina grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 69,709 shares of the company’s stock after purchasing an additional 440 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Darling Ingredients were worth $2,348,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DAR. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB grew its position in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. bought a new stake in Darling Ingredients during the 4th quarter valued at $86,000. First Horizon Advisors Inc. raised its holdings in Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after buying an additional 712 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Darling Ingredients in the fourth quarter valued at $145,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DAR shares. Robert W. Baird decreased their target price on shares of Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday. 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 dropped their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, TD Cowen cut their price objective on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.78.

Darling Ingredients Price Performance

DAR opened at $30.71 on Friday. The firm has a market cap of $4.86 billion, a P/E ratio of 17.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.28. The firm has a 50-day moving average of $33.10 and a 200 day moving average of $35.80.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results 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, research analysts expect 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.