Covalis Capital LLP Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Covalis Capital LLP bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 295,728 shares of the company’s stock, valued at approximately $9,963,000. Darling Ingredients makes up approximately 1.5% of Covalis Capital LLP’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Darling Ingredients by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock worth $524,486,000 after purchasing an additional 203,921 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock valued at $217,425,000 after acquiring an additional 791,157 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock worth $148,005,000 after purchasing an additional 2,627,785 shares during the period. FMR LLC grew its holdings in Darling Ingredients by 17.9% during the fourth quarter. FMR LLC now owns 3,919,542 shares of the company’s stock valued at $132,049,000 after purchasing an additional 595,325 shares during the period. Finally, Schroder Investment Management Group increased its position in Darling Ingredients by 19.2% in the fourth quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company’s stock worth $80,034,000 after buying an additional 389,980 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Up 3.1 %

Shares of DAR stock opened at $30.71 on Friday. 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 has a 50-day moving average of $32.93 and a 200 day moving average of $35.76. The stock has a market capitalization of $4.86 billion, a PE ratio of 17.75 and a beta of 1.19. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $47.28.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the topic of several recent research reports. StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Robert W. Baird lowered their price target on shares of Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday. Citigroup decreased their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, TD Cowen reduced their price target on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.78.

Darling Ingredients 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.