Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Arnhold LLC

Arnhold LLC increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 327,534 shares of the company’s stock after acquiring an additional 672 shares during the quarter. Darling Ingredients makes up about 1.8% of Arnhold LLC’s portfolio, making the stock its 20th biggest holding. Arnhold LLC owned approximately 0.21% of Darling Ingredients worth $16,324,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at $29,000. Stone House Investment Management LLC boosted its stake in Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Darling Ingredients during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC purchased a new stake in Darling Ingredients in the 3rd quarter valued at $31,000. Finally, Exchange Traded Concepts LLC acquired a new position in Darling Ingredients in the third quarter valued at $38,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In other news, Director Kurt Stoffel bought 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the transaction, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.26% of the stock is owned by corporate insiders.

Darling Ingredients Stock Down 4.2 %

Shares of DAR traded down $1.84 during trading on Tuesday, reaching $42.37. The company’s stock had a trading volume of 2,403,449 shares, compared to its average volume of 2,107,029. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a quick ratio of 1.10, a current ratio of 4.20 and a debt-to-equity ratio of 0.16. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 12.69 and a beta of 1.29. The company has a fifty day moving average of $44.04 and a two-hundred day moving average of $44.52.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The company’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 earnings per share. On average, sell-side analysts predict that Darling Ingredients Inc. will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DAR shares. Scotiabank cut their target price 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. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Stephens lowered their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. cut their target price 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. Finally, Citigroup raised their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.55.

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.