Mercer Global Advisors Inc. ADV Acquires New Shares in Darling Ingredients Inc. (NYSE:DAR)

Mercer Global Advisors Inc. ADV bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 66,029 shares of the company’s stock, valued at approximately $2,225,000.

Several other institutional investors also recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB boosted 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 period. Palouse Capital Management Inc. acquired a new position in Darling Ingredients during the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. raised its position in shares of Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after purchasing an additional 712 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Darling Ingredients in the fourth quarter worth $109,000. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DAR shares. Citigroup lowered their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. TD Cowen lowered their price target on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, April 25th. StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Robert W. Baird lowered their target price on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Stephens reiterated 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 eight have assigned a buy rating to the stock. According to MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $50.33.

Darling Ingredients Price Performance

Shares of DAR stock opened at $32.94 on Thursday. The company has a market capitalization of $5.21 billion, a P/E ratio of 19.04 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. The stock has a 50 day moving average of $30.83 and a two-hundred day moving average of $35.28.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. As a group, equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.