Alliancebernstein L.P. Sells 11,466 Shares of Darling Ingredients Inc. (NYSE:DAR)

Alliancebernstein L.P. trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,168 shares of the company's stock after selling 11,466 shares during the period. Alliancebernstein L.P. owned about 0.14% of Darling Ingredients worth $7,316,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its holdings in shares of Darling Ingredients by 12.2% in the third quarter. Quantinno Capital Management LP now owns 10,797 shares of the company's stock valued at $401,000 after purchasing an additional 1,176 shares in the last quarter. State Street Corp boosted its position in Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company's stock worth $199,096,000 after acquiring an additional 289,407 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Darling Ingredients by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 800,983 shares of the company's stock worth $29,765,000 after acquiring an additional 9,442 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Darling Ingredients by 26.7% in the third quarter. Orion Portfolio Solutions LLC now owns 7,435 shares of the company's stock valued at $276,000 after purchasing an additional 1,566 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Darling Ingredients by 17.6% in the third quarter. MML Investors Services LLC now owns 12,846 shares of the company's stock worth $477,000 after purchasing an additional 1,925 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DAR has been the subject of a number of analyst reports. StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Stephens reissued an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen dropped their price target on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Citigroup decreased their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Robert W. Baird dropped their target price on shares of Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.78.

Darling Ingredients Price Performance

NYSE DAR traded up $1.18 during trading on Thursday, hitting $30.95. 335,394 shares of the company's stock were exchanged, compared to its average volume of 2,240,412. The stock's 50 day moving average price is $33.10 and its two-hundred day moving average price is $35.80. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.28. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.89 billion, a PE ratio of 17.91 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS 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%. Research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.