Oak Thistle LLC Increases Holdings in Darling Ingredients Inc. (NYSE:DAR)

Oak Thistle LLC raised its stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 145.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,647 shares of the company’s stock after buying an additional 8,094 shares during the quarter. Oak Thistle LLC’s holdings in Darling Ingredients were worth $680,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Darling Ingredients by 38.9% during the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock valued at $44,000 after buying an additional 193 shares during the last quarter. Advisor Partners II LLC increased its holdings in shares of Darling Ingredients by 7.1% in the 4th quarter. Advisor Partners II LLC now owns 3,329 shares of the company’s stock worth $208,000 after purchasing an additional 220 shares in the last quarter. Outlook Wealth Advisors LLC increased its holdings in shares of Darling Ingredients by 2.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 10,722 shares of the company’s stock worth $560,000 after purchasing an additional 243 shares in the last quarter. Xponance Inc. increased its holdings in shares of Darling Ingredients by 1.3% in the 3rd quarter. Xponance Inc. now owns 19,806 shares of the company’s stock worth $1,034,000 after purchasing an additional 250 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Darling Ingredients by 5.0% in the 2nd quarter. CIBC Asset Management Inc now owns 5,558 shares of the company’s stock worth $355,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE:DAR opened at $44.23 on Wednesday. The stock has a 50-day simple moving average of $43.51 and a two-hundred day simple moving average of $45.44. Darling Ingredients Inc. has a 52-week low of $38.97 and a 52-week high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The firm has a market capitalization of $7.07 billion, a PE ratio of 11.11 and a beta of 1.29.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Analysts forecast that Darling Ingredients Inc. will post 3.63 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price (down previously from $120.00) on shares of Darling Ingredients in a report on Wednesday, March 6th. Stephens cut their price objective 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. Citigroup cut their price objective on Darling Ingredients from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Finally, BMO Capital Markets cut their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.80.

Read Our Latest Stock Analysis on Darling Ingredients

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were acquired at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.26% of the company’s stock.

Darling Ingredients Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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