Union Bancaire Privee UBP SA Buys New Stake in Darling Ingredients Inc. (NYSE:DAR)

Union Bancaire Privee UBP SA bought a new stake in Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 20,298 shares of the company’s stock, valued at approximately $679,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Darling Ingredients by 2.6% during the third quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after acquiring an additional 310 shares during the last quarter. Signaturefd LLC grew its stake in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Darling Ingredients by 5.7% during the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after acquiring an additional 412 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD grew its stake in shares of Darling Ingredients by 1.6% during the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock worth $1,103,000 after acquiring an additional 455 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 1.5 %

Shares of NYSE:DAR opened at $35.21 on Wednesday. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39. The company has a market capitalization of $5.60 billion, a PE ratio of 21.74 and a beta of 1.21. The business has a 50 day moving average of $36.11 and a two-hundred day moving average of $37.51. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DAR shares. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

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.