Corebridge Financial Inc. Decreases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Corebridge Financial Inc. lowered its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,963 shares of the company's stock after selling 8,086 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Darling Ingredients worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after acquiring an additional 1,235,985 shares during the last quarter. Paloma Partners Management Co raised its position in Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company's stock worth $32,597,000 after purchasing an additional 838,047 shares during the last quarter. Erste Asset Management GmbH bought a new position in Darling Ingredients during the 3rd quarter worth $30,545,000. American Century Companies Inc. lifted its holdings in Darling Ingredients by 1,003.0% during the 4th quarter. American Century Companies Inc. now owns 578,908 shares of the company's stock worth $19,503,000 after buying an additional 526,425 shares during the period. Finally, FMR LLC grew its position in shares of Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after buying an additional 491,477 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

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Darling Ingredients Trading Up 2.3 %

Shares of NYSE:DAR traded up $0.75 during mid-day trading on Wednesday, hitting $33.00. The company had a trading volume of 1,519,322 shares, compared to its average volume of 2,245,726. The company has a market capitalization of $5.22 billion, a PE ratio of 19.08 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $27.20 and a one year high of $48.39. The firm has a fifty day moving average price of $34.89 and a 200 day moving average price of $36.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (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%. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.