KBC Group NV lifted its position in Darling Ingredients Inc (NYSE:DAR) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 346,684 shares of the company’s stock after acquiring an additional 3,578 shares during the quarter. KBC Group NV owned 0.21% of Darling Ingredients worth $6,074,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in DAR. FMR LLC lifted its holdings in Darling Ingredients by 36.4% during the 2nd quarter. FMR LLC now owns 11,212,815 shares of the company’s stock valued at $176,490,000 after buying an additional 2,990,750 shares in the last quarter. GMT Capital Corp bought a new stake in Darling Ingredients during the 2nd quarter valued at about $18,967,000. Dimensional Fund Advisors LP lifted its holdings in Darling Ingredients by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,906,079 shares of the company’s stock valued at $218,881,000 after buying an additional 1,135,841 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Darling Ingredients by 574.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock valued at $20,553,000 after buying an additional 999,091 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Darling Ingredients by 1,041.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,089,787 shares of the company’s stock valued at $17,153,000 after buying an additional 994,287 shares in the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Shares of Darling Ingredients Inc (DAR) traded down $0.14 during trading on Wednesday, hitting $18.15. 1,139,700 shares of the stock were exchanged, compared to its average volume of 1,180,628. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. Darling Ingredients Inc has a 52-week low of $11.51 and a 52-week high of $18.65. The stock has a market cap of $3,012.03, a P/E ratio of 46.90 and a beta of 1.53.
A number of equities research analysts recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, September 25th. J P Morgan Chase & Co lowered shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $18.00 in a report on Friday, October 6th. Roth Capital set a $20.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Darling Ingredients presently has a consensus rating of “Buy” and a consensus price target of $19.33.
Darling Ingredients Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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