Geode Capital Management LLC Sells 8,879 Shares of Darling Ingredients Inc. (NYSE:DAR)

Geode Capital Management LLC trimmed its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,730,742 shares of the company's stock after selling 8,879 shares during the period. Geode Capital Management LLC owned 1.72% of Darling Ingredients worth $92,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $40,000 after acquiring an additional 721 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in Darling Ingredients in the 4th quarter worth about $86,000. First Horizon Advisors Inc. lifted its holdings 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 valued at $102,000 after buying an additional 712 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in Darling Ingredients during the fourth quarter valued at approximately $145,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 1.0 %

DAR stock traded up $0.30 during trading hours on Wednesday, reaching $29.81. 210,596 shares of the stock were exchanged, compared to its average volume of 2,239,850. 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 firm's 50-day moving average is $33.30 and its 200-day moving average is $35.84. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 17.20 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data 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%. On average, equities 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 recent analyst reports. TD Cowen decreased their price target 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. Robert W. Baird reduced their price objective on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday. Stephens reaffirmed an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup cut their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday. Finally, StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $50.78.

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.