Union Bancaire Privee UBP SA Purchases Shares of 20,298 Darling Ingredients Inc. (NYSE:DAR)

Union Bancaire Privee UBP SA purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,298 shares of the company’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients in the 4th quarter valued at $25,000. Signaturefd LLC increased its stake in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after buying an additional 721 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients during the 3rd quarter worth about $58,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

NYSE DAR opened at $39.35 on Tuesday. The firm has a 50-day moving average price of $36.32 and a two-hundred day moving average price of $37.66. The company has a market capitalization of $6.26 billion, a P/E ratio of 22.75 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. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $53.22.

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.