Swiss National Bank Has $10.54 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Swiss National Bank lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 312,800 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank’s holdings in Darling Ingredients were worth $10,538,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Darling Ingredients by 42.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after acquiring an additional 687 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Darling Ingredients during the 4th quarter valued at $86,000. Finally, Avanza Fonder AB acquired a new stake in shares of Darling Ingredients during the 4th quarter valued at $145,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

DAR has been the topic of several recent research reports. Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Stock Up 0.6 %

Shares of NYSE:DAR opened at $30.42 on Friday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 17.58 and a beta of 1.25. 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 $35.79 and its 200-day moving average is $36.76. Darling Ingredients Inc. has a 1 year low of $27.20 and a 1 year high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.

Darling Ingredients Company 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.