Handelsbanken Fonder AB trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 964,622 shares of the company's stock after selling 239,401 shares during the quarter. Handelsbanken Fonder AB owned about 0.61% of Darling Ingredients worth $32,498,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DAR. Creative Planning lifted its position in Darling Ingredients by 21.9% during the third quarter. Creative Planning now owns 22,354 shares of the company's stock valued at $831,000 after purchasing an additional 4,021 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Signaturefd LLC grew its position in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after acquiring an additional 386 shares in the last quarter. Keene & Associates Inc. bought a new position in Darling Ingredients in the third quarter valued at $483,000. Finally, Ballentine Partners LLC increased its stake in Darling Ingredients by 31.4% in the third quarter. Ballentine Partners LLC now owns 9,481 shares of the company's stock valued at $352,000 after acquiring an additional 2,268 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.
Darling Ingredients Trading Up 0.5 %
Shares of Darling Ingredients stock traded up $0.19 on Monday, hitting $39.41. The stock had a trading volume of 1,024,322 shares, compared to its average volume of 2,163,355. The stock's 50-day simple moving average is $36.21 and its two-hundred day simple moving average is $37.64. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 22.78 and a beta of 1.21. 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 one year low of $32.55 and a one year high of $48.39.
Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.
Wall Street Analyst Weigh In
DAR has been the subject of a number of research reports. Citigroup cut their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Stephens reiterated an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.22.
Read Our Latest Stock Report on DAR
Darling Ingredients Company Profile
(
Free Report)
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.
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