Separately, Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, June 17th.
Shares of NYSE:DAR remained flat at $$19.86 during midday trading on Monday. The stock had a trading volume of 532,914 shares, compared to its average volume of 977,894. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 22.31 and a beta of 1.19. The stock has a fifty day moving average of $19.68. Darling Ingredients has a 12 month low of $17.99 and a 12 month high of $22.62. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 0.74.
Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in shares of Darling Ingredients by 759.5% in the first quarter. Quadrant Capital Group LLC now owns 1,358 shares of the company’s stock valued at $28,000 after acquiring an additional 1,200 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $31,000. Phocas Financial Corp. bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $35,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Darling Ingredients by 455.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,564 shares of the company’s stock valued at $49,000 after acquiring an additional 2,102 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Darling Ingredients during the 1st quarter valued at $51,000. 96.17% of the stock is currently owned by institutional investors and hedge funds.
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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