Channing Capital Management LLC Acquires 27,969 Shares of Darling Ingredients Inc. (NYSE:DAR)

Channing Capital Management LLC raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,411,119 shares of the company’s stock after purchasing an additional 27,969 shares during the quarter. Darling Ingredients accounts for about 2.1% of Channing Capital Management LLC’s portfolio, making the stock its 20th largest position. Channing Capital Management LLC owned about 0.88% of Darling Ingredients worth $70,330,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in Darling Ingredients by 111.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after purchasing an additional 15,933 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Darling Ingredients by 28.9% in the 4th quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after acquiring an additional 226,134 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Darling Ingredients by 106.9% in the 3rd quarter. Raymond James & Associates now owns 818,468 shares of the company’s stock worth $42,724,000 after acquiring an additional 422,822 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Darling Ingredients by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 629,795 shares of the company’s stock worth $31,301,000 after acquiring an additional 35,290 shares during the last quarter. Finally, South Dakota Investment Council lifted its holdings in shares of Darling Ingredients by 86.3% in the 4th quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock worth $3,587,000 after acquiring an additional 33,332 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DAR. Citigroup raised their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Scotiabank lowered their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, BMO Capital Markets reduced their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients Stock Up 0.4 %

NYSE DAR traded up $0.18 during trading on Friday, reaching $42.82. 1,146,853 shares of the company’s stock traded hands, compared to its average volume of 2,382,899. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 12.82 and a beta of 1.31. The company’s 50 day simple moving average is $44.05 and its two-hundred day simple moving average is $44.42. Darling Ingredients Inc. has a 12-month low of $38.97 and a 12-month high of $71.60.

Darling Ingredients (NYSE:DAR) last posted 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 business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 3.08 EPS for the current fiscal year.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel acquired 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

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.