Zurcher Kantonalbank Zurich Cantonalbank Has $2.26 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,953 shares of the company’s stock after purchasing an additional 9,855 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Darling Ingredients were worth $2,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp grew its position in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after acquiring an additional 286 shares during the last quarter. CIBC Asset Management Inc grew its position in Darling Ingredients by 5.8% in the fourth 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 last quarter. Metis Global Partners LLC grew its position in Darling Ingredients by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after acquiring an additional 406 shares during the last quarter. Glenmede Trust Co. NA grew its position in Darling Ingredients by 5.7% in the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after acquiring an additional 412 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD grew its position in Darling Ingredients by 1.6% in the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after acquiring an additional 455 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup decreased their target price 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. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $29.54 on Monday. The business’s 50 day simple moving average is $36.13 and its 200 day simple moving average is $37.03. Darling Ingredients Inc. has a one year low of $27.20 and a one year high of $48.39. The stock has a market capitalization of $4.69 billion, a PE ratio of 17.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, research analysts forecast 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.