Darling Ingredients Inc. (NYSE:DAR) Stock Holdings Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,517 shares of the company’s stock after acquiring an additional 17,949 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Darling Ingredients were worth $2,679,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at $25,000. Signaturefd LLC raised its holdings in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after buying an additional 386 shares during the period. Blue Trust Inc. lifted its stake in Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after buying an additional 721 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Darling Ingredients in the third quarter worth approximately $58,000. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DAR. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.22.

Darling Ingredients Trading Up 0.3 %

Darling Ingredients stock opened at $36.88 on Friday. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $48.39. 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 stock has a market cap of $5.86 billion, a P/E ratio of 21.32 and a beta of 1.21. The company’s fifty day simple moving average is $36.44 and its 200-day simple moving average is $37.67.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, February 6th. The company reported $0.63 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%. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.