Sourcerock Group LLC Buys New Position in Darling Ingredients Inc. (NYSE:DAR)

Sourcerock Group LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $5,054,000. Sourcerock Group LLC owned about 0.09% of Darling Ingredients at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. M&T Bank Corp lifted its stake in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock worth $303,000 after purchasing an additional 286 shares during the last quarter. Ironwood Investment Management LLC lifted its stake in shares of Darling Ingredients by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock valued at $1,414,000 after acquiring an additional 297 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after acquiring an additional 337 shares during the period. Metis Global Partners LLC increased its stake in Darling Ingredients by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after purchasing an additional 406 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Darling Ingredients by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company’s stock valued at $2,348,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. TD Cowen cut their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 25th. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Robert W. Baird reduced their price target on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Darling Ingredients Stock Down 0.1%

DAR stock opened at $35.28 on Monday. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.55. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 20.39 and a beta of 1.25. The business’s 50 day moving average price is $31.23 and its two-hundred day moving average price is $35.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. As a group, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.