Charles Schwab Investment Management Inc. Boosts Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,099,399 shares of the company’s stock after buying an additional 19,343 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Darling Ingredients were worth $37,039,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DAR. Unified Investment Management acquired a new position in Darling Ingredients in the 4th quarter worth $752,000. Schechter Investment Advisors LLC raised its stake in Darling Ingredients by 85.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 58,667 shares of the company’s stock valued at $1,976,000 after acquiring an additional 27,092 shares in the last quarter. LGT Group Foundation lifted its stake in shares of Darling Ingredients by 3.1% in the 4th quarter. LGT Group Foundation now owns 33,796 shares of the company’s stock worth $1,139,000 after acquiring an additional 1,019 shares during the period. Pacific Global Investment Management Co. raised its stake in shares of Darling Ingredients by 3.0% in the 4th quarter. Pacific Global Investment Management Co. now owns 41,640 shares of the company’s stock worth $1,403,000 after buying an additional 1,199 shares in the last quarter. Finally, Firetrail Investments PTY Ltd. grew its stake in shares of Darling Ingredients by 13.7% in the 4th quarter. Firetrail Investments PTY Ltd. now owns 333,323 shares of the company’s stock worth $11,270,000 after purchasing an additional 40,096 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 3.6 %

Shares of DAR opened at $29.54 on Friday. Darling Ingredients Inc. has a 52 week low of $27.20 and a 52 week high of $48.39. The firm has a market capitalization of $4.69 billion, a P/E ratio of 17.07 and a beta of 1.25. The company has a 50-day simple moving average of $36.13 and a 200-day simple moving average of $37.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the topic of a number of analyst reports. StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Stephens reissued an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

About Darling Ingredients

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.