20,298 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 20,298 shares of the company’s stock, valued at approximately $679,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after buying an additional 838,047 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at about $30,545,000. ING Groep NV grew its position in shares of Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock valued at $30,103,000 after buying an additional 574,700 shares during the last quarter. Finally, FMR LLC grew its position in shares of Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DAR. Citigroup reduced 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, January 29th. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Stock Up 0.3 %

Shares of NYSE:DAR opened at $39.35 on Tuesday. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 22.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The business’s 50-day moving average is $36.32 and its 200-day moving average is $37.66. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping 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%. Equities research analysts predict 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.