Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Darling Ingredients Inc. (NYSE:DAR) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,099,399 shares of the company’s stock after acquiring an additional 19,343 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Darling Ingredients worth $37,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB increased its position in Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Darling Ingredients by 42.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after buying an additional 687 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in Darling Ingredients in the 4th quarter valued at about $86,000. Finally, Avanza Fonder AB acquired a new position in shares of Darling Ingredients in the 4th quarter worth approximately $145,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

NYSE DAR opened at $29.54 on Friday. The company 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 debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 1-year low of $27.20 and a 1-year high of $48.39. The business has a 50 day moving average price of $36.13 and a 200 day moving average price of $37.06.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Citigroup dropped their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.