Overbrook Management Corp Has $10.63 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Overbrook Management Corp cut its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,266 shares of the company’s stock after selling 14,369 shares during the quarter. Darling Ingredients accounts for about 2.1% of Overbrook Management Corp’s investment portfolio, making the stock its 21st largest holding. Overbrook Management Corp owned 0.13% of Darling Ingredients worth $10,629,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Corbyn Investment Management Inc. MD raised its stake in shares of Darling Ingredients by 33.1% during the 4th quarter. Corbyn Investment Management Inc. MD now owns 29,221 shares of the company’s stock worth $1,456,000 after purchasing an additional 7,275 shares in the last quarter. Sycomore Asset Management purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $1,249,000. Bfsg LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $189,000. Private Management Group Inc. raised its stake in shares of Darling Ingredients by 39.5% during the 4th quarter. Private Management Group Inc. now owns 450,317 shares of the company’s stock worth $22,444,000 after purchasing an additional 127,535 shares in the last quarter. Finally, South Dakota Investment Council raised its stake in shares of Darling Ingredients by 86.3% during the 4th quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock worth $3,587,000 after purchasing an additional 33,332 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $2.13 during trading on Thursday, hitting $45.26. 5,367,926 shares of the stock were exchanged, compared to its average volume of 2,097,900. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 11.41 and a beta of 1.29. The company’s fifty day simple moving average is $43.92 and its 200-day simple moving average is $44.57. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. Sell-side analysts expect that Darling Ingredients Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were bought at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares of the company’s stock, valued at $439,965.02. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of recent research reports. Citigroup raised their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets cut their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Stephens cut their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Stifel Nicolaus cut their price objective on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, Scotiabank cut their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.55.

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.