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Quest Partners LLC invests $173,000 in Darling Ingredients Inc. (NYSE:DAR)


Quest Partners LLC acquired a new stake in Darling Ingredients Inc. in the fourth quarter. (NYSE:DAR – Free Report), the company said in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,473 shares of the company, worth approximately $173,000.

Several other institutional investors and hedge funds have also bought and sold shares of DAR. Turtle Creek Wealth Advisors LLC bought a new position in Darling Ingredients in the fourth quarter valued at approximately $29,000. Stone House Investment Management LLC grew its holdings in Darling Ingredients by 100.0% in the fourth 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. Catalyst Capital Advisors LLC bought a new stake in Darling Ingredients during the third quarter valued at $31,000. Headlands Technologies LLC increased its position in shares of Darling Ingredients by 483.8% in the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock worth $40,000 after acquiring an additional 658 shares during the last quarter. Finally, Planned Solutions Inc. purchased. a new position in shares of Darling Ingredients worth $50,000 in the fourth quarter. 94.44% of the shares are held by institutional investors.

Dear ingredients stock 0.5% higher

Shares of NYSE:DAR opened at $40.80 on Tuesday. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 12.22 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.67. Darling Ingredients Inc. has a 52-week low of $38.97 and a 52-week high of $71.60. The company has a fifty-day moving average of $44.19 and a 200-day moving average of $44.52.

Darling Ingredients (NYSE:DAR – Get Free Report) last reported its quarterly earnings data on Thursday, April 25. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The company had revenue of $1.42 billion for the quarter, compared to analyst expectations of $1.48 billion. During the same period last year, the company posted earnings per share of $1.16. The company’s quarterly revenue fell 20.7% year over year. As a group, research analysts expect Darling Ingredients Inc. will record a profit per share of 2.95 for the current financial year.

Wall Street analysts predict growth

A number of research firms have recently released reports on DAR. Stifel Nicolaus lowered their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20. JPMorgan Chase & Co. lowered his price target on Darling Ingredients from $66.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17. BMO Capital Markets lowered their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29. Scotiabank lowered their price target on shares of Darling Ingredients from $73.00 to $57.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11. Finally, Citigroup raised their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.80.

Get our latest research report on Darling Ingredients

Insider transactions at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were purchased 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. Company insiders own 2.26% of the company’s shares.

Sweet ingredient profile

(Free report)

Darling Ingredients Inc develops, produces and markets natural ingredients from edible and inedible biofoods in North America, Europe, China, South America and internationally. The company operates in three segments: feed ingredients, food ingredients and fuel ingredients. It provides ingredients and tailor-made specialty solutions for customers in the pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy and fertilizer industries.

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Quarterly Institutional Ownership for Darling Ingredients (NYSE:DAR)



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