Fifth Third Bancorp Has $337,000 Stake in Darling Ingredients Inc. (NYSE:DAR)

Fifth Third Bancorp reduced its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,016 shares of the company’s stock after selling 342 shares during the quarter. Fifth Third Bancorp’s holdings in Darling Ingredients were worth $337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings in Darling Ingredients by 268.6% during the 2nd quarter. Marshall Wace LLP now owns 82,848 shares of the company’s stock worth $3,045,000 after purchasing an additional 60,371 shares during the last quarter. AQR Capital Management LLC boosted its position in Darling Ingredients by 151.7% in the second quarter. AQR Capital Management LLC now owns 81,490 shares of the company’s stock valued at $2,995,000 after buying an additional 49,110 shares in the last quarter. Algert Global LLC acquired a new position in Darling Ingredients in the 2nd quarter worth about $1,041,000. Creative Planning grew its holdings in Darling Ingredients by 9.6% during the 2nd quarter. Creative Planning now owns 18,333 shares of the company’s stock worth $674,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Darling Ingredients in the second quarter valued at $319,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $37.51 on Friday. The firm has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $37.48. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 52 week low of $32.55 and a 52 week high of $48.39. The stock has a market capitalization of $5.97 billion, a P/E ratio of 23.15 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAR. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Citigroup dropped their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $53.22.

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.