Union Bancaire Privee UBP SA Acquires Shares of 20,298 Darling Ingredients Inc. (NYSE:DAR)

Union Bancaire Privee UBP SA acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 20,298 shares of the company’s stock, valued at approximately $679,000.

A number of other hedge funds have also added to or reduced their stakes in DAR. State Street Corp grew its position in Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after purchasing an additional 289,407 shares during the last quarter. FMR LLC lifted its stake in Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after acquiring an additional 491,477 shares during the period. Geode Capital Management LLC lifted its stake in Darling Ingredients by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after acquiring an additional 36,618 shares during the period. Assenagon Asset Management S.A. lifted its stake in Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC lifted its stake in Darling Ingredients by 11.6% during the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after acquiring an additional 154,038 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 1.5 %

Shares of DAR opened at $35.21 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39. The company has a 50 day simple moving average of $36.11 and a two-hundred day simple moving average of $37.51. The firm has a market cap of $5.60 billion, a P/E ratio of 21.74 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DAR shares. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.67.

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.