Proficio Capital Partners LLC Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Proficio Capital Partners LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,566 shares of the company’s stock, valued at approximately $423,000.

A number of other large investors have also recently modified their holdings of the business. Algert Global LLC raised its stake in Darling Ingredients by 266.6% in the third quarter. Algert Global LLC now owns 103,871 shares of the company’s stock valued at $3,860,000 after purchasing an additional 75,540 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Darling Ingredients in the 3rd quarter worth $30,545,000. Sycomore Asset Management raised its position in shares of Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after buying an additional 65,444 shares in the last quarter. KBC Group NV lifted its holdings in shares of Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after acquiring an additional 66,966 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

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

Darling Ingredients Price Performance

DAR opened at $29.90 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $35.53 and its 200 day simple moving average is $36.58. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 17.28 and a beta of 1.25. Darling Ingredients Inc. has a 1 year low of $27.20 and a 1 year high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

About Darling Ingredients

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.