Jennison Associates LLC Increases Holdings in Darling Ingredients Inc. (NYSE:DAR)

Jennison Associates LLC lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,008,227 shares of the company’s stock after purchasing an additional 226,134 shares during the period. Jennison Associates LLC owned 0.63% of Darling Ingredients worth $50,250,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Darling Ingredients by 14.7% in the fourth quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after purchasing an additional 247 shares during the period. Xponance Inc. raised its stake in Darling Ingredients by 1.3% in the third quarter. Xponance Inc. now owns 19,806 shares of the company’s stock worth $1,034,000 after buying an additional 250 shares in the last quarter. Signaturefd LLC raised its stake in Darling Ingredients by 34.2% in the fourth quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock worth $54,000 after buying an additional 275 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Darling Ingredients by 6.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock worth $229,000 after buying an additional 278 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Darling Ingredients by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock worth $3,855,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.26% of the company’s stock.

Darling Ingredients Price Performance

Shares of DAR opened at $43.15 on Wednesday. The firm has a market capitalization of $6.89 billion, a PE ratio of 10.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60. The company’s fifty day moving average price is $43.85 and its 200-day moving average price is $44.61.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. On average, equities research analysts predict that Darling Ingredients Inc. will post 3.32 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on DAR. Scotiabank reduced their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Stephens reduced their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets reduced their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, Citigroup upped their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.55.

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.