HighTower Advisors LLC Trims Stock Position in Darling Ingredients Inc. (NYSE:DAR)

HighTower Advisors LLC decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,945 shares of the company's stock after selling 9,344 shares during the quarter. HighTower Advisors LLC's holdings in Darling Ingredients were worth $706,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its stake in Darling Ingredients by 5.7% in the third quarter. State Street Corp now owns 5,357,815 shares of the company's stock valued at $199,096,000 after acquiring an additional 289,407 shares during the last quarter. FMR LLC increased its position in shares of Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after purchasing an additional 491,477 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Darling Ingredients by 1.4% during the 3rd 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. Assenagon Asset Management S.A. raised its holdings in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after buying an additional 1,235,985 shares in the last quarter. Finally, Southernsun Asset Management LLC lifted its position in Darling Ingredients by 11.6% in the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company's stock worth $55,274,000 after buying an additional 154,038 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on DAR shares. Citigroup decreased their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Stephens reiterated an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.75.

Darling Ingredients Trading Up 1.5 %

DAR traded up $0.47 during trading on Wednesday, hitting $32.72. 174,933 shares of the stock traded hands, compared to its average volume of 2,169,794. The firm has a market capitalization of $5.18 billion, a P/E ratio of 18.92 and a beta of 1.19. Darling Ingredients Inc. has a 12-month low of $27.20 and a 12-month high of $48.39. 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 has a 50-day moving average of $34.89 and a 200 day moving average of $36.42.

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, 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%. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

About Darling Ingredients

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.