Continuum Advisory LLC Acquires New Holdings in Darling Ingredients Inc. (NYSE:DAR)

Continuum Advisory LLC bought a new stake in Darling Ingredients Inc. (NYSE:DAR – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,478 shares of the company’s stock, valued at approximately $969,000.

Several other large investors have also recently bought and sold shares of DAR. Bank of New York Mellon Corp increased its position in Darling Ingredients by 33.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,318,315 shares of the company’s stock worth $153,356,000 after purchasing an additional 575,661 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Darling Ingredients by 392.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 524,212 shares of the company’s stock valued at $32,810,000 after buying an additional 417,702 shares during the period. BlackRock Inc. lifted its stake in Darling Ingredients by 2.1% in the third quarter. BlackRock Inc. now owns 17,798,386 shares of the company’s stock valued at $1,177,364,000 after buying an additional 369,517 shares during the period. Premier Fund Managers Ltd lifted its stake in Darling Ingredients by 6,416.4% in the fourth quarter. Premier Fund Managers Ltd now owns 370,000 shares of the company’s stock valued at $9,676,000 after buying an additional 364,322 shares during the period. Finally, Pictet Asset Management SA raised its position in shares of Darling Ingredients by 21.9% during the third quarter. Pictet Asset Management SA now owns 1,983,608 shares of the company’s stock worth $130,058,000 after purchasing an additional 356,442 shares during the period. 90.90% of the stock is owned by institutional investors.

Darling Ingredients Price Performance

DAR traded down $0.85 during trading on Friday, hitting $63.51. 202,729 shares of the stock traded hands, compared to its average volume of 1,336,119. Darling Ingredients Inc. has a twelve month low of $51.77 and a twelve month high of $87.59. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 14.30 and a beta of 1.23. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.73 and a quick ratio of 0.98. The business has a 50 day moving average price of $58.87 and a 200 day moving average price of $63.26.

Darling Ingredients (NYSE:DAR – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.20). Darling Ingredients had a net margin of 10.57% and a return on equity of 19.99%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts forecast that Darling Ingredients Inc. will post 5.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on DAR shares. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, April 11th. Stephens reaffirmed an “equal weight” rating and set a $75.00 price target on shares of Darling Ingredients in a research note on Tuesday, February 28th. Jefferies Financial Group cut their price target on shares of Darling Ingredients from $95.00 to $85.00 in a report on Monday, May 15th. BMO Capital Markets raised their price objective on shares of Darling Ingredients from $80.00 to $85.00 in a research note on Thursday, May 11th. Finally, StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.08.

Insider Buying and Selling

In related news, EVP Patrick Mcnutt acquired 900 shares of the stock in a transaction on Wednesday, March 15th. The stock was purchased at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the transaction, the executive vice president now owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Patrick Mcnutt purchased 900 shares of the stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $54.07 per share, with a total value of $48,663.00. Following the transaction, the executive vice president now directly owns 12,287 shares in the company, valued at $664,358.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles L. Adair purchased 500 shares of Darling Ingredients stock in a transaction dated Thursday, March 16th. The shares were acquired at an average cost of $54.15 per share, with a total value of $27,075.00. Following the transaction, the director now directly owns 36,551 shares in the company, valued at $1,979,236.65. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,400 shares of company stock valued at $266,958. Company insiders own 2.62% of the company’s stock.

Darling Ingredients Company Profile

(Get Rating)

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.