KLP Kapitalforvaltning AS Invests $1.09 Million in Darling Ingredients Inc. (NYSE:DAR)

KLP Kapitalforvaltning AS acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,300 shares of the company’s stock, valued at approximately $1,088,000.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB grew its position in Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares during the last quarter. Palouse Capital Management Inc. bought a new position in Darling Ingredients during the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. lifted its holdings in shares of Darling Ingredients by 30.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after acquiring an additional 712 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at $145,000. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup lowered their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Finally, Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Trading Down 1.0 %

NYSE DAR opened at $31.58 on Monday. The stock has a market cap of $4.99 billion, a P/E ratio of 18.25 and a beta of 1.25. Darling Ingredients Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $48.39. The stock has a 50 day simple moving average of $35.06 and a two-hundred day simple moving average of $36.46. 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 released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating 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%. On average, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Darling Ingredients 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.