Sycomore Asset Management Has $4.74 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Sycomore Asset Management boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 101.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 130,096 shares of the company’s stock after buying an additional 65,444 shares during the period. Sycomore Asset Management’s holdings in Darling Ingredients were worth $4,743,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DAR. Quilter Plc acquired a new position in shares of Darling Ingredients in the 4th quarter valued at about $2,021,000. Empowered Funds LLC grew its position in Darling Ingredients by 14.6% during the fourth quarter. Empowered Funds LLC now owns 8,828 shares of the company’s stock valued at $297,000 after purchasing an additional 1,126 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares during the period. Private Management Group Inc. boosted its stake in shares of Darling Ingredients by 5.5% during the 4th quarter. Private Management Group Inc. now owns 856,811 shares of the company’s stock valued at $28,866,000 after buying an additional 44,378 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in shares of Darling Ingredients by 25.3% in the fourth quarter. DAVENPORT & Co LLC now owns 53,000 shares of the company’s stock worth $1,786,000 after acquiring an additional 10,700 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DAR. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Jefferies Financial Group raised their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Stock Up 3.2 %

NYSE:DAR opened at $39.74 on Monday. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 22.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock’s fifty day moving average price is $35.51 and its two-hundred day moving average price is $37.48. Darling Ingredients Inc. has a 52-week low of $32.55 and a 52-week high of $48.39.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, analysts anticipate that Darling Ingredients Inc. will post 2.79 EPS for the current 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.