Guggenheim Capital LLC Boosts Position in Darling Ingredients Inc. (NYSE:DAR)

Guggenheim Capital LLC lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,778 shares of the company’s stock after purchasing an additional 2,285 shares during the quarter. Guggenheim Capital LLC’s holdings in Darling Ingredients were worth $734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harber Asset Management LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth approximately $7,891,000. Barclays PLC increased its stake in Darling Ingredients by 3.7% during the fourth quarter. Barclays PLC now owns 1,382,400 shares of the company’s stock worth $46,572,000 after acquiring an additional 49,531 shares during the last quarter. Bragg Financial Advisors Inc raised its position in Darling Ingredients by 18.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 320,065 shares of the company’s stock valued at $10,783,000 after purchasing an additional 49,790 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Darling Ingredients by 49.2% in the 4th quarter. Sterling Capital Management LLC now owns 10,267 shares of the company’s stock valued at $346,000 after purchasing an additional 3,386 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Darling Ingredients by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company’s stock worth $2,348,000 after purchasing an additional 440 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Robert W. Baird lowered their price objective on shares of Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. TD Cowen cut their target price on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup cut their price objective on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.78.

Darling Ingredients Stock Up 0.5 %

Shares of Darling Ingredients stock opened at $30.50 on Friday. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.28. The company has a 50 day moving average of $31.92 and a 200 day moving average of $35.54. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.82 billion, a P/E ratio of 17.63 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.66). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.