AMF Tjanstepension AB Purchases New Holdings in Darling Ingredients Inc. (NYSE:DAR)

AMF Tjanstepension AB purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 146,603 shares of the company’s stock, valued at approximately $6,819,000. AMF Tjanstepension AB owned approximately 0.09% of Darling Ingredients as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in Darling Ingredients by 14.7% in the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock worth $96,000 after buying an additional 247 shares in the last quarter. Signaturefd LLC lifted its position in Darling Ingredients by 34.2% in the 4th quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock worth $54,000 after buying an additional 275 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Darling Ingredients by 6.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock worth $229,000 after buying an additional 278 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Darling Ingredients by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock worth $3,855,000 after buying an additional 279 shares in the last quarter. Finally, Stone House Investment Management LLC raised its holdings in shares of Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after purchasing an additional 300 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 $36.75 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 11.00 and a beta of 1.26. The company’s fifty day moving average is $40.47 and its two-hundred day moving average is $43.41. Darling Ingredients Inc. has a 52-week low of $33.94 and a 52-week high of $71.60.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities research analysts forecast that Darling Ingredients Inc. will post 2.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAR. JPMorgan Chase & Co. cut their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. TD Cowen cut their price target on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. Stifel Nicolaus cut their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Finally, Scotiabank cut their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.45.

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.