UniSuper Management Pty Ltd Reduces Position in Darling Ingredients Inc. (NYSE:DAR)

UniSuper Management Pty Ltd trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,871 shares of the company's stock after selling 49,300 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.25% of Darling Ingredients worth $13,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp increased its stake in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after purchasing an additional 286 shares during the period. Ironwood Investment Management LLC grew its holdings in shares of Darling Ingredients by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock worth $1,414,000 after purchasing an additional 297 shares during the last quarter. CIBC Asset Management Inc increased its stake in Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after buying an additional 337 shares during the period. Metis Global Partners LLC lifted its holdings in Darling Ingredients by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock valued at $330,000 after buying an additional 406 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company's stock valued at $283,000 after buying an additional 412 shares during the period. 94.44% of the stock is owned by institutional investors.

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Darling Ingredients Stock Up 1.8 %

Shares of NYSE DAR traded up $0.56 during mid-day trading on Tuesday, reaching $31.80. 850,262 shares of the company were exchanged, compared to its average volume of 2,238,898. Darling Ingredients Inc. has a 1 year low of $27.20 and a 1 year high of $48.39. The firm has a 50-day moving average of $34.95 and a 200 day moving average of $36.44. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 18.36 and a beta of 1.25. 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 (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 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%. On average, research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAR has been the subject of several research analyst reports. StockNews.com downgraded shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. Stephens reaffirmed an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup dropped their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One equities research 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 data from MarketBeat, Darling Ingredients currently has an average rating of "Moderate Buy" and a consensus price target 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.