Legal & General Group Plc reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,156 shares of the company's stock after selling 20,931 shares during the quarter. Legal & General Group Plc owned approximately 0.15% of Darling Ingredients worth $8,259,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after buying an additional 721 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Darling Ingredients in the fourth quarter worth $86,000. First Horizon Advisors Inc. increased its position in Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after acquiring an additional 712 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in Darling Ingredients in the fourth quarter worth about $145,000. 94.44% of the stock is currently owned by institutional investors.
Darling Ingredients Price Performance
NYSE:DAR traded down $0.54 during trading hours on Wednesday, reaching $30.12. The stock had a trading volume of 1,427,762 shares, compared to its average volume of 2,243,583. The stock has a market capitalization of $4.76 billion, a PE ratio of 17.47 and a beta of 1.19. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $47.28. The company has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $35.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.
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, topping analysts' consensus estimates 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, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Citigroup lowered their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. TD Cowen reduced their target price on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a report on Friday, April 4th. Robert W. Baird lowered their price target on shares of Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Darling Ingredients currently has an average rating of "Moderate Buy" and an average price target of $50.78.
Read Our Latest Analysis on Darling Ingredients
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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