Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lowered its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,343 shares of the company's stock after selling 55,617 shares during the period. Advantage Alpha Capital Partners LP owned about 0.07% of Darling Ingredients worth $3,684,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Darling Ingredients in the 3rd quarter worth about $286,000. Natixis Advisors LLC raised its stake in shares of Darling Ingredients by 23.2% during the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock worth $4,010,000 after buying an additional 20,323 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Darling Ingredients by 24.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 91,958 shares of the company's stock valued at $3,417,000 after buying an additional 17,938 shares in the last quarter. Caprock Group LLC grew its stake in Darling Ingredients by 7.1% in the 3rd quarter. Caprock Group LLC now owns 11,110 shares of the company's stock valued at $413,000 after acquiring an additional 738 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock valued at $86,000 after acquiring an additional 687 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Darling Ingredients Trading Down 1.0 %

Shares of DAR traded down $0.34 during trading on Friday, reaching $31.58. 1,857,049 shares of the company traded hands, compared to its average volume of 2,243,597. The stock has a 50-day simple moving average of $35.06 and a 200-day simple moving average of $36.43. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a twelve month low of $27.20 and a twelve month high of $48.39. The stock has a market cap of $4.99 billion, a PE ratio of 18.25 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on DAR shares. Citigroup decreased their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $52.75.

About Darling Ingredients

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.