M&G Plc purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 16,452 shares of the company’s stock, valued at approximately $773,000.
A number of other large investors also recently modified their holdings of DAR. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Darling Ingredients by 55.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 109,883 shares of the company’s stock valued at $5,477,000 after acquiring an additional 39,175 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in shares of Darling Ingredients by 16.0% in the 4th quarter. Red Door Wealth Management LLC now owns 72,565 shares of the company’s stock valued at $3,617,000 after acquiring an additional 10,000 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of Darling Ingredients in the 4th quarter valued at $50,000. Fifth Third Bancorp lifted its stake in shares of Darling Ingredients by 6.9% in the 4th quarter. Fifth Third Bancorp now owns 5,702 shares of the company’s stock valued at $284,000 after acquiring an additional 366 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in shares of Darling Ingredients by 32.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 192,129 shares of the company’s stock valued at $9,095,000 after acquiring an additional 46,698 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.
Darling Ingredients Stock Down 1.2 %
NYSE DAR traded down $0.46 during trading hours on Friday, hitting $37.41. The company’s stock had a trading volume of 1,840,172 shares, compared to its average volume of 1,969,459. Darling Ingredients Inc. has a 52 week low of $33.94 and a 52 week high of $71.60. The company has a market capitalization of $5.98 billion, a PE ratio of 11.20 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company’s 50-day simple moving average is $38.44 and its two-hundred day simple moving average is $42.06.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on DAR. TD Cowen decreased their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, June 13th. Stifel Nicolaus decreased their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Scotiabank decreased their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.36.
Check Out Our Latest Analysis on Darling Ingredients
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.
Read More
- Five stocks we like better than Darling Ingredients
- How is Compound Interest Calculated?
- Why This AI Stock is Rising Despite Tech Sell-Off
- Retail Stocks Investing, Explained
- Investors Are Moving into Bonds and Small Cap Stocks: Here’s Why
- Transportation Stocks Investing
- MarketBeat Week in Review – 7/15 – 7/19
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR – Free Report).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.