Handelsbanken Fonder AB Grows Holdings in Darling Ingredients Inc. $DAR

by · The Markets Daily

Handelsbanken Fonder AB boosted its position in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,470 shares of the company’s stock after buying an additional 105,669 shares during the quarter. Handelsbanken Fonder AB owned 0.65% of Darling Ingredients worth $38,982,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. lifted its stake in shares of Darling Ingredients by 3.3% in the second quarter. Vontobel Holding Ltd. now owns 16,209 shares of the company’s stock worth $615,000 after acquiring an additional 524 shares in the last quarter. AlphaQuest LLC increased its holdings in Darling Ingredients by 11.6% during the 2nd quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock worth $201,000 after purchasing an additional 550 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Darling Ingredients by 5.2% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,286 shares of the company’s stock valued at $428,000 after buying an additional 562 shares during the last quarter. Finally, Sprott Inc. grew its position in shares of Darling Ingredients by 9.9% during the first quarter. Sprott Inc. now owns 6,554 shares of the company’s stock worth $205,000 after buying an additional 591 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAR has been the topic of several recent analyst reports. Baird R W cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Zacks Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Bank of America assumed coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price target on the stock. Jefferies Financial Group boosted their price objective on Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $44.11.

Get Our Latest Research Report on Darling Ingredients

Darling Ingredients Trading Up 3.7%

NYSE:DAR opened at $33.33 on Friday. The firm has a market capitalization of $5.27 billion, a P/E ratio of 49.74, a P/E/G ratio of 2.35 and a beta of 1.30. The business has a 50 day simple moving average of $32.36 and a 200 day simple moving average of $33.48. 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 $42.28.

Darling Ingredients (NYSE:DAR – Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $0.11 earnings per share. Darling Ingredients’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients Company Profile

(Free Report)

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.

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