Stone House Investment Management LLC Buys 300 Shares of Darling Ingredients Inc. (NYSE:DAR)

Stone House Investment Management LLC boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Stone House Investment Management LLC’s holdings in Darling Ingredients were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Darling Ingredients by 38.9% during the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock worth $44,000 after purchasing an additional 193 shares during the period. Advisor Partners II LLC boosted its position in shares of Darling Ingredients by 7.1% in the fourth quarter. Advisor Partners II LLC now owns 3,329 shares of the company’s stock valued at $208,000 after acquiring an additional 220 shares during the period. Xponance Inc. boosted its position in shares of Darling Ingredients by 1.3% in the third quarter. Xponance Inc. now owns 19,806 shares of the company’s stock valued at $1,034,000 after acquiring an additional 250 shares during the period. CIBC Asset Management Inc boosted its position in shares of Darling Ingredients by 5.0% in the second quarter. CIBC Asset Management Inc now owns 5,558 shares of the company’s stock valued at $355,000 after acquiring an additional 265 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Darling Ingredients by 3.4% in the second quarter. Captrust Financial Advisors now owns 8,441 shares of the company’s stock valued at $505,000 after acquiring an additional 275 shares during the period. 94.44% of the stock is owned by institutional investors.

Insider Activity at Darling Ingredients

In related news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.26% of the stock is currently owned by insiders.

Darling Ingredients Trading Down 0.8 %

Shares of Darling Ingredients stock traded down $0.36 on Wednesday, hitting $42.02. The stock had a trading volume of 1,338,792 shares, compared to its average volume of 2,036,068. The stock has a 50 day moving average of $43.84 and a 200 day moving average of $44.80. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The firm has a market capitalization of $6.71 billion, a P/E ratio of 10.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. Sell-side analysts expect that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Stifel Nicolaus dropped their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Stephens dropped their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Citigroup boosted their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Scotiabank dropped their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.82.

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.