Nuveen LLC Takes Position in Darling Ingredients Inc. $DAR

Nuveen LLC acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 369,577 shares of the company’s stock, valued at approximately $11,546,000.

A number of other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Darling Ingredients by 8.2% during the first quarter. Invesco Ltd. now owns 644,975 shares of the company’s stock valued at $20,149,000 after purchasing an additional 48,688 shares during the period. Townsquare Capital LLC raised its stake in shares of Darling Ingredients by 30.8% during the first quarter. Townsquare Capital LLC now owns 9,964 shares of the company’s stock valued at $311,000 after purchasing an additional 2,349 shares during the period. Davis Selected Advisers raised its stake in shares of Darling Ingredients by 4.1% during the first quarter. Davis Selected Advisers now owns 2,476,469 shares of the company’s stock valued at $77,365,000 after purchasing an additional 98,221 shares during the period. Citigroup Inc. raised its stake in shares of Darling Ingredients by 65.1% during the first quarter. Citigroup Inc. now owns 226,782 shares of the company’s stock valued at $7,085,000 after purchasing an additional 89,394 shares during the period. Finally, CenterBook Partners LP raised its stake in shares of Darling Ingredients by 173.3% during the first quarter. CenterBook Partners LP now owns 242,959 shares of the company’s stock valued at $7,590,000 after purchasing an additional 154,076 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAR. Robert W. Baird reissued a “neutral” rating and set a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a report on Wednesday. They set an “overweight” rating and a $43.00 price objective for the company. TD Cowen decreased their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $43.57.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $34.7780 on Friday. The company has a market cap of $5.50 billion, a PE ratio of 52.69 and a beta of 1.19. The company has a fifty day moving average price of $35.16 and a two-hundred day moving average price of $33.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer owned 781,437 shares of the company’s stock, valued at $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.62% of the stock is currently owned by corporate insiders.

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.