Edmond DE Rothschild Holding S.A. Buys 41,648 Shares of Darling Ingredients Inc. (NYSE:DAR)

Edmond DE Rothschild Holding S.A. raised its stake in Darling Ingredients Inc. (NYSE:DAR) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 649,528 shares of the company’s stock after purchasing an additional 41,648 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.41% of Darling Ingredients worth $21,883,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DAR. Erste Asset Management GmbH acquired a new position in Darling Ingredients during the 3rd quarter worth approximately $30,545,000. Sycomore Asset Management grew its stake in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after acquiring an additional 65,444 shares during the period. KBC Group NV increased its holdings in shares of Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after acquiring an additional 66,966 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Darling Ingredients in the 4th quarter worth $13,769,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $31.58 on Monday. Darling Ingredients Inc. has a twelve month low of $27.20 and a twelve month 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 market capitalization of $4.99 billion, a PE ratio of 18.25 and a beta of 1.25. 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 posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

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

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.