Connable Office Inc. Purchases New Stake in Darling Ingredients Inc (DAR)

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.

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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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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