Candriam S.C.A. Sells 347,020 Shares of Darling Ingredients Inc. (NYSE:DAR)

Candriam S.C.A. lowered its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 78.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,677 shares of the company's stock after selling 347,020 shares during the quarter. Candriam S.C.A. owned approximately 0.06% of Darling Ingredients worth $3,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Darling Ingredients in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its position in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after acquiring an additional 721 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Darling Ingredients during the 3rd quarter worth about $58,000. Farther Finance Advisors LLC boosted its position in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after acquiring an additional 758 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Darling Ingredients by 42.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock worth $86,000 after acquiring an additional 687 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

DAR traded down $0.54 on Friday, hitting $32.24. The company had a trading volume of 1,901,086 shares, compared to its average volume of 2,171,847. The company's fifty day moving average price is $36.53 and its 200 day moving average price is $37.40. Darling Ingredients Inc. has a 1-year low of $31.87 and a 1-year high of $48.39. 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 stock has a market cap of $5.12 billion, a price-to-earnings ratio of 18.64 and a beta of 1.25.

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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, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DAR. Stephens restated an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup decreased their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of "Moderate Buy" and an average target price of $52.75.

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.