Lightrock Netherlands B.V. Invests $8.32 Million in Darling Ingredients Inc. (NYSE:DAR)

Lightrock Netherlands B.V. purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 245,842 shares of the company’s stock, valued at approximately $8,323,000. Darling Ingredients makes up approximately 2.9% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Darling Ingredients during the second quarter valued at $319,000. SG Americas Securities LLC bought a new position in shares of Darling Ingredients in the 3rd quarter worth about $229,000. Park Avenue Securities LLC purchased a new position in Darling Ingredients during the 3rd quarter valued at about $201,000. GAMMA Investing LLC boosted its stake in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Finally, Harrington Investments INC grew its holdings in Darling Ingredients by 5.1% in the third quarter. Harrington Investments INC now owns 14,424 shares of the company’s stock worth $536,000 after purchasing an additional 700 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

NYSE DAR opened at $39.66 on Tuesday. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. The stock has a 50-day moving average of $35.50 and a 200 day moving average of $37.48. 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 company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 22.92 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.79 EPS for the current year.

Wall Street Analyst Weigh In

DAR has been the subject of several recent research reports. Citigroup lowered their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens reissued an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

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.