IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Holdings in Darling Ingredients Inc. (NYSE:DAR)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 52.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,414 shares of the company's stock after selling 31,577 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Darling Ingredients were worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DAR. Assenagon Asset Management S.A. grew its stake 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 purchasing an additional 1,235,985 shares during the period. Paloma Partners Management Co lifted its holdings in Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company's stock worth $32,597,000 after purchasing an additional 838,047 shares in the last quarter. Erste Asset Management GmbH bought a new position in Darling Ingredients in the 3rd quarter worth approximately $30,545,000. American Century Companies Inc. lifted its stake in Darling Ingredients by 1,003.0% in the 4th quarter. American Century Companies Inc. now owns 578,908 shares of the company's stock worth $19,503,000 after purchasing an additional 526,425 shares in the last quarter. Finally, FMR LLC boosted its holdings 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. 94.44% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on DAR shares. StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. Citigroup lowered their target price 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. Finally, Stephens restated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. One equities research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.75.

Darling Ingredients Trading Up 1.4 %

DAR traded up $0.43 during trading on Tuesday, reaching $31.67. The company had a trading volume of 850,262 shares, compared to its average volume of 2,238,898. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 52 week low of $27.20 and a 52 week high of $48.39. The stock has a market cap of $5.01 billion, a P/E ratio of 18.36 and a beta of 1.25. The business has a 50 day simple moving average of $34.95 and a 200-day simple moving average of $36.44.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS 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%. On average, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.