Corbyn Investment Management Inc. MD Buys 7,275 Shares of Darling Ingredients Inc. (NYSE:DAR)

Corbyn Investment Management Inc. MD lifted its stake in Darling Ingredients Inc. (NYSE:DAR) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,221 shares of the company’s stock after buying an additional 7,275 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Darling Ingredients were worth $1,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Darling Ingredients by 10.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock valued at $248,256,000 after buying an additional 446,483 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Darling Ingredients by 10.9% in the 3rd quarter. Deutsche Bank AG now owns 3,858,209 shares of the company’s stock worth $201,399,000 after acquiring an additional 378,304 shares in the last quarter. FMR LLC grew its position in Darling Ingredients by 9.3% during the 3rd quarter. FMR LLC now owns 3,204,162 shares of the company’s stock worth $167,257,000 after acquiring an additional 272,184 shares during the last quarter. DNB Asset Management AS grew its position in Darling Ingredients by 16.3% during the 4th quarter. DNB Asset Management AS now owns 1,492,158 shares of the company’s stock worth $74,369,000 after acquiring an additional 208,584 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in Darling Ingredients by 23.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,383,150 shares of the company’s stock valued at $72,200,000 after purchasing an additional 263,599 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.9 %

Shares of Darling Ingredients stock traded down $0.87 on Friday, hitting $44.39. 1,202,812 shares of the company’s stock traded hands, compared to its average volume of 2,086,946. The firm’s 50-day moving average price is $43.97 and its two-hundred day moving average price is $44.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The stock has a market capitalization of $7.09 billion, a PE ratio of 11.16 and a beta of 1.29. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, research analysts expect that Darling Ingredients Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Kurt Stoffel purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DAR shares. Scotiabank lowered their target price on 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. Stifel Nicolaus dropped their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Citigroup increased their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets dropped their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients 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.