ING Groep NV Sells 638,500 Shares of Darling Ingredients Inc. (NYSE:DAR)

ING Groep NV cut its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 78.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,600 shares of the company's stock after selling 638,500 shares during the period. ING Groep NV owned approximately 0.11% of Darling Ingredients worth $5,781,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DAR. Creative Planning lifted its stake in shares of Darling Ingredients by 21.9% in the 3rd quarter. Creative Planning now owns 22,354 shares of the company's stock valued at $831,000 after acquiring an additional 4,021 shares during the last quarter. Blue Trust Inc. lifted its position in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock valued at $38,000 after purchasing an additional 288 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after purchasing an additional 386 shares during the period. Ballentine Partners LLC grew its holdings in shares of Darling Ingredients by 31.4% in the third quarter. Ballentine Partners LLC now owns 9,481 shares of the company's stock worth $352,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Darling Ingredients by 16.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,778 shares of the company's stock worth $252,000 after buying an additional 952 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the subject of several analyst reports. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Citigroup lowered their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.22.

Darling Ingredients Stock Down 2.4 %

Darling Ingredients stock traded down $0.96 during trading hours on Tuesday, hitting $38.41. 602,029 shares of the stock traded hands, compared to its average volume of 2,147,249. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. The firm's 50-day moving average price is $36.32 and its two-hundred day moving average price is $37.66. 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 company has a market cap of $6.11 billion, a PE ratio of 22.21 and a beta of 1.21.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly 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%. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current 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.