Connable Office Inc. purchased a new position in shares of Darling Ingredients Inc (NYSE:DAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,013 shares of the company’s stock, valued at approximately $254,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in DAR. Earnest Partners LLC acquired a new stake in Darling Ingredients during the 3rd quarter worth about $69,809,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 1,090.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock worth $73,168,000 after purchasing an additional 3,825,542 shares during the period. Walthausen & Co. LLC acquired a new stake in Darling Ingredients during the 3rd quarter worth about $20,579,000. New York State Common Retirement Fund grew its position in Darling Ingredients by 574.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock worth $20,553,000 after purchasing an additional 999,091 shares during the period. Finally, Principal Financial Group Inc. grew its position in Darling Ingredients by 57.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,004,344 shares of the company’s stock worth $35,116,000 after purchasing an additional 730,479 shares during the period. 97.54% of the stock is currently owned by institutional investors.
Shares of Darling Ingredients Inc (NYSE DAR) opened at $17.84 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. Darling Ingredients Inc has a 12 month low of $12.45 and a 12 month high of $19.50. The stock has a market cap of $2,954.39, a PE ratio of 46.00 and a beta of 1.48.
Several research firms have recently issued reports on DAR. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, Canaccord Genuity increased their target price on shares of Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.33.
ILLEGAL ACTIVITY WARNING: “Connable Office Inc. Purchases New Stake in Darling Ingredients Inc (DAR)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2018/02/13/connable-office-inc-purchases-new-stake-in-darling-ingredients-inc-dar.html.
Darling Ingredients Company Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.