Proficio Capital Partners LLC Makes New $423,000 Investment in Darling Ingredients Inc. (NYSE:DAR)

Proficio Capital Partners LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,566 shares of the company’s stock, valued at approximately $423,000.

A number of other hedge funds also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in shares of Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after purchasing an additional 412 shares during the last quarter. Corbyn Investment Management Inc. MD increased its stake in shares of Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after acquiring an additional 455 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Darling Ingredients by 7.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company’s stock valued at $311,000 after purchasing an additional 564 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after purchasing an additional 687 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $30.55 on Tuesday. 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 Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $48.39. The stock has a 50 day moving average price of $36.53 and a two-hundred day moving average price of $37.40. The company has a market capitalization of $4.85 billion, a P/E ratio of 17.66 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 EPS 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%. Analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday. Stephens reiterated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup cut their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.75.

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.