Livforsakringsbolaget Skandia Omsesidigt Has $60,000 Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 141.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,207 shares of the company’s stock after acquiring an additional 707 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Darling Ingredients were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DAR. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter worth $29,000. Millburn Ridgefield Corp acquired a new stake in shares of Darling Ingredients in the third quarter worth $31,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the third quarter worth $31,000. Stone House Investment Management LLC lifted its stake in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Darling Ingredients by 38.9% in the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock worth $44,000 after buying an additional 193 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DAR. Citigroup boosted their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday. Scotiabank dropped their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. Stephens dropped their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, BMO Capital Markets dropped their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $72.55.

Darling Ingredients Stock Up 3.5 %

Shares of NYSE:DAR opened at $42.62 on Friday. 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 company’s fifty day moving average is $43.85 and its 200-day moving average is $44.69. The company has a market capitalization of $6.81 billion, a PE ratio of 10.71 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its earnings results 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 firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Equities research analysts predict that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Kurt Stoffel purchased 8,000 shares of Darling Ingredients stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the transaction, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.62% of the stock is owned by corporate insiders.

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.