Harrington Investments INC Increases Stake in Darling Ingredients Inc. (NYSE:DAR)

Harrington Investments INC grew its position in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,678 shares of the company’s stock after buying an additional 932 shares during the quarter. Harrington Investments INC’s holdings in Darling Ingredients were worth $856,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DAR. Tobam purchased a new position in Darling Ingredients during the 3rd quarter worth $33,000. Dark Forest Capital Management LP purchased a new position in Darling Ingredients during the 2nd quarter worth $41,000. American National Bank purchased a new position in Darling Ingredients during the 3rd quarter worth $41,000. Ronald Blue Trust Inc. purchased a new position in Darling Ingredients during the 2nd quarter worth $44,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Darling Ingredients by 32.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 757 shares of the company’s stock worth $45,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 90.90% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAR. Cowen lowered their price target on shares of Darling Ingredients from $79.00 to $73.00 in a research note on Tuesday, January 10th. Stephens reaffirmed an “equal weight” rating and set a $75.00 price target on shares of Darling Ingredients in a research note on Tuesday, February 28th. Raymond James lowered their price target on shares of Darling Ingredients from $100.00 to $95.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 1st. Robert W. Baird upped their price target on shares of Darling Ingredients from $102.00 to $108.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. Finally, UBS Group began coverage on shares of Darling Ingredients in a research note on Tuesday, December 13th. They set a “buy” rating and a $91.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.40.

Darling Ingredients Price Performance

NYSE DAR traded down $1.03 during trading hours on Friday, reaching $52.90. The company’s stock had a trading volume of 3,754,757 shares, compared to its average volume of 1,492,533. Darling Ingredients Inc. has a fifty-two week low of $51.77 and a fifty-two week high of $87.59. The stock has a market cap of $8.46 billion, a PE ratio of 11.76 and a beta of 1.26. The company’s 50-day moving average is $64.52 and its two-hundred day moving average 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 Company Profile

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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.