Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,530 shares of the company's stock after selling 111,714 shares during the period. Cerity Partners LLC owned 0.15% of Darling Ingredients worth $8,973,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Sycomore Asset Management lifted its holdings in Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock worth $4,743,000 after purchasing an additional 65,444 shares in the last quarter. KBC Group NV increased its holdings in shares of Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after buying an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $735,000. Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Darling Ingredients during the fourth quarter valued at $13,769,000. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DAR shares. StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Citigroup reduced their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. TD Cowen cut their price target on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Finally, Stephens reiterated an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

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Darling Ingredients Stock Performance

DAR traded up $0.31 on Monday, reaching $29.29. 1,472,162 shares of the stock were exchanged, compared to its average volume of 2,245,575. The company's 50-day moving average price is $33.48 and its 200 day moving average price is $35.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market capitalization of $4.63 billion, a PE ratio of 16.93 and a beta of 1.19. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.