Russell Investments Group Ltd. Has $19.81 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Russell Investments Group Ltd. boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 129.4% in the fourth quarter, HoldingsChannel reports. The fund owned 595,263 shares of the company’s stock after buying an additional 335,818 shares during the quarter. Russell Investments Group Ltd.’s holdings in Darling Ingredients were worth $19,808,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its position in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares during the period. Palouse Capital Management Inc. acquired a new stake in Darling Ingredients during the 4th quarter worth about $86,000. First Horizon Advisors Inc. boosted its position in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after acquiring an additional 712 shares during the period. Finally, Avanza Fonder AB acquired a new stake in Darling Ingredients during the 4th quarter worth about $145,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup reduced their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. TD Cowen reduced their price target on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 4th. Stephens reiterated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $30.19 on Thursday. 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 business’s 50 day moving average is $33.92 and its two-hundred day moving average is $36.06. The company has a market cap of $4.77 billion, a P/E ratio of 17.45 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $48.39.

Darling Ingredients (NYSE:DAR) last released 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%. On average, equities analysts expect that Darling Ingredients Inc. will post 2.81 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.