Darling Ingredients Inc (DAR) Holding Boosted by Peregrine Capital Management LLC

Darling Ingredients Inc (DAR) Holding Boosted  by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its stake in Darling Ingredients Inc (NYSE:DAR) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,967 shares of the company’s stock after buying an additional 35,369 shares during the period. Peregrine Capital Management LLC owned about 0.22% of Darling Ingredients worth $6,983,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of Darling Ingredients by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 55,021 shares of the company’s stock worth $1,058,000 after buying an additional 785 shares during the last quarter. American International Group Inc. increased its stake in shares of Darling Ingredients by 1.9% in the third quarter. American International Group Inc. now owns 128,827 shares of the company’s stock worth $2,489,000 after buying an additional 2,430 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Darling Ingredients by 15.3% in the third quarter. Riverhead Capital Management LLC now owns 21,904 shares of the company’s stock worth $423,000 after buying an additional 2,900 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Darling Ingredients by 7.0% in the second quarter. Advisors Asset Management Inc. now owns 45,484 shares of the company’s stock worth $904,000 after buying an additional 2,963 shares during the last quarter. Finally, United Services Automobile Association increased its stake in shares of Darling Ingredients by 0.7% in the second quarter. United Services Automobile Association now owns 423,816 shares of the company’s stock worth $8,425,000 after buying an additional 3,117 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

A number of research firms have commented on DAR. Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, January 21st. JPMorgan Chase & Co. raised shares of Darling Ingredients from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $21.00 to $25.00 in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.00.

Darling Ingredients stock traded down $0.22 during mid-day trading on Monday, reaching $21.07. The company’s stock had a trading volume of 1,253,867 shares, compared to its average volume of 937,010. The company has a market cap of $3.51 billion, a PE ratio of 87.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.81 and a quick ratio of 1.06. Darling Ingredients Inc has a twelve month low of $16.36 and a twelve month high of $22.38.

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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