Metis Global Partners LLC Has $1.58 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Metis Global Partners LLC increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 109.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,762 shares of the company’s stock after buying an additional 16,604 shares during the quarter. Metis Global Partners LLC’s holdings in Darling Ingredients were worth $1,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DAR. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $29,000. Millburn Ridgefield Corp acquired a new position in Darling Ingredients in the third quarter worth approximately $31,000. Catalyst Capital Advisors LLC bought a new position in Darling Ingredients during the third quarter valued at approximately $31,000. Stone House Investment Management LLC lifted its stake in Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Darling Ingredients by 483.8% in the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock worth $40,000 after acquiring an additional 658 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the purchase, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.26% of the stock is owned by company insiders.

Darling Ingredients Trading Up 2.8 %

Shares of DAR opened at $44.52 on Wednesday. The stock’s 50-day moving average price is $44.10 and its 200 day moving average price is $44.44. The company has a quick ratio of 1.10, a current ratio of 4.20 and a debt-to-equity ratio of 0.16. Darling Ingredients Inc. has a 12-month low of $38.97 and a 12-month high of $71.60. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 13.33 and a beta of 1.31.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The business’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. As a group, research analysts predict that Darling Ingredients Inc. will post 3.08 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DAR shares. JPMorgan Chase & Co. reduced their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Stephens reduced their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Scotiabank lowered their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Citigroup boosted their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus lowered their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.55.

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.