DNB Asset Management AS Has $41.97 Million Position in Darling Ingredients Inc. (NYSE:DAR)

DNB Asset Management AS raised its stake in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 78.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 670,523 shares of the company’s stock after buying an additional 294,016 shares during the quarter. DNB Asset Management AS’s holdings in Darling Ingredients were worth $41,968,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tobam acquired a new position in shares of Darling Ingredients during the 3rd quarter worth about $33,000. Ronald Blue Trust Inc. acquired a new position in shares of Darling Ingredients during the 2nd quarter worth about $44,000. American National Bank acquired a new position in shares of Darling Ingredients during the 3rd quarter worth about $41,000. Sentry Investment Management LLC acquired a new position in shares of Darling Ingredients during the 3rd quarter worth about $45,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Darling Ingredients during the 2nd quarter valued at about $41,000. 90.90% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 1.9 %

NYSE DAR traded down $1.03 during trading on Friday, hitting $52.90. The stock had a trading volume of 3,754,757 shares, compared to its average volume of 1,492,533. The company has a market capitalization of $8.46 billion, a PE ratio of 11.76 and a beta of 1.26. The company’s 50-day moving average price is $64.52 and its two-hundred day moving average price is $68.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.90 and a current ratio of 1.53. Darling Ingredients Inc. has a 12 month low of $51.77 and a 12 month high of $87.59.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Darling Ingredients in a report on Thursday. They set a “sell” rating on the stock. Robert W. Baird lifted their price objective on Darling Ingredients from $102.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, February 6th. Raymond James cut their price objective on Darling Ingredients from $100.00 to $95.00 and set a “strong-buy” rating on the stock in a report on Wednesday, March 1st. Stephens reiterated an “equal weight” rating and set a $75.00 price objective on shares of Darling Ingredients in a report on Tuesday, February 28th. Finally, Stifel Nicolaus lifted their price objective on Darling Ingredients from $113.00 to $115.00 and gave the company a “buy” rating in a report on Monday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $93.40.

Insider Transactions at Darling Ingredients

In related news, Director Charles L. Adair acquired 500 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were bought at an average price of $54.15 per share, for a total transaction of $27,075.00. Following the purchase, the director now directly owns 36,551 shares in the company, valued at approximately $1,979,236.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Patrick Mcnutt acquired 900 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $54.07 per share, for a total transaction of $48,663.00. Following the purchase, the executive vice president now directly owns 12,287 shares in the company, valued at approximately $664,358.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles L. Adair bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $54.15 per share, for a total transaction of $27,075.00. Following the completion of the acquisition, the director now directly owns 36,551 shares in the company, valued at approximately $1,979,236.65. The disclosure for this purchase can be found here. Company insiders own 2.62% of the company’s stock.

About Darling Ingredients

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.