FIL Ltd Decreases Stock Position in Darling Ingredients Inc. (NYSE:DAR)

FIL Ltd cut its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 881,445 shares of the company's stock after selling 89,141 shares during the quarter. FIL Ltd owned approximately 0.55% of Darling Ingredients worth $29,696,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB increased its position in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after acquiring an additional 721 shares during the period. Palouse Capital Management Inc. bought a new position in shares of Darling Ingredients during the fourth quarter valued at $86,000. First Horizon Advisors Inc. boosted its stake in shares of Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock worth $102,000 after acquiring an additional 712 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in Darling Ingredients during the fourth quarter valued at $145,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent analyst reports. StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. TD Cowen reduced their price objective on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Stephens restated an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup decreased 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.00.

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Darling Ingredients Price Performance

Shares of DAR stock traded up $0.31 during trading hours on Monday, hitting $29.29. The company's stock had a trading volume of 1,472,162 shares, compared to its average volume of 2,245,575. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 16.93 and a beta of 1.19. The business has a fifty day moving average of $33.48 and a 200-day moving average of $35.89. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.