Arnhold LLC Purchases 672 Shares of Darling Ingredients Inc. (NYSE:DAR)

Arnhold LLC raised its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 327,534 shares of the company’s stock after purchasing an additional 672 shares during the quarter. Darling Ingredients accounts for approximately 1.8% of Arnhold LLC’s holdings, making the stock its 20th biggest position. Arnhold LLC’s holdings in Darling Ingredients were worth $16,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DAR. Turtle Creek Wealth Advisors LLC bought a new stake in Darling Ingredients during the fourth quarter valued at approximately $29,000. Stone House Investment Management LLC boosted its stake in shares of Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Darling Ingredients during the 3rd quarter valued at $31,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter worth $31,000. Finally, Exchange Traded Concepts LLC bought a new position in Darling Ingredients in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DAR shares. Scotiabank reduced their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets dropped their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Citigroup increased their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Stephens dropped their target price on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.55.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel acquired 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.26% of the company’s stock.

Darling Ingredients Stock Down 4.2 %

NYSE DAR traded down $1.84 on Tuesday, reaching $42.37. 2,403,449 shares of the stock traded hands, compared to its average volume of 2,107,029. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 4.20. The company has a fifty day moving average price of $44.04 and a 200-day moving average price of $44.52. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 12.69 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 earnings per share. As a group, research analysts forecast that Darling Ingredients Inc. will post 3.18 EPS for the current fiscal 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.