Envestnet Asset Management Inc. Sells 43,590 Shares of Darling Ingredients Inc. (NYSE:DAR)

Envestnet Asset Management Inc. decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 517,849 shares of the company's stock after selling 43,590 shares during the period. Envestnet Asset Management Inc. owned 0.33% of Darling Ingredients worth $17,446,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its stake in Darling Ingredients by 26.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,435 shares of the company's stock valued at $276,000 after purchasing an additional 1,566 shares during the period. MML Investors Services LLC raised its stake in Darling Ingredients by 17.6% in the 3rd quarter. MML Investors Services LLC now owns 12,846 shares of the company's stock worth $477,000 after purchasing an additional 1,925 shares in the last quarter. Barclays PLC grew its position in shares of Darling Ingredients by 32.8% during the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company's stock worth $49,529,000 after purchasing an additional 328,893 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Darling Ingredients by 26.7% during the third quarter. M&T Bank Corp now owns 8,701 shares of the company's stock worth $323,000 after purchasing an additional 1,833 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Darling Ingredients by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock valued at $101,830,000 after buying an additional 36,618 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on DAR. Robert W. Baird dropped their price objective on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Citigroup reduced their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday. TD Cowen reduced their target price on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a report on Friday, April 4th. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.78.

Darling Ingredients Trading Up 3.1 %

NYSE DAR traded up $0.94 during trading hours on Friday, reaching $30.71. The company's stock had a trading volume of 1,939,548 shares, compared to its average volume of 2,247,286. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $47.28. 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 $4.86 billion, a P/E ratio of 17.75 and a beta of 1.19. The firm has a fifty day simple moving average of $32.93 and a 200-day simple moving average of $35.76.

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

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.