Marshall Wace LLP Has $12.34 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Marshall Wace LLP lessened its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 54.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 366,313 shares of the company's stock after selling 429,875 shares during the quarter. Marshall Wace LLP owned about 0.23% of Darling Ingredients worth $12,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC increased its stake in Darling Ingredients by 17.6% in the third quarter. MML Investors Services LLC now owns 12,846 shares of the company's stock valued at $477,000 after purchasing an additional 1,925 shares in the last quarter. Barclays PLC raised its stake in Darling Ingredients by 32.8% during the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company's stock worth $49,529,000 after buying an additional 328,893 shares during the period. Sanctuary Advisors LLC grew its stake in Darling Ingredients by 70.8% in the third quarter. Sanctuary Advisors LLC now owns 14,835 shares of the company's stock valued at $595,000 after acquiring an additional 6,151 shares during the period. Tidal Investments LLC increased its holdings in shares of Darling Ingredients by 47.3% in the third quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock worth $745,000 after acquiring an additional 6,442 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of Darling Ingredients by 10.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,724 shares of the company's stock valued at $361,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DAR shares. Citigroup reduced 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, April 15th. TD Cowen reduced their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday. Robert W. Baird dropped their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday. Stephens reaffirmed an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $50.33.

Darling Ingredients Stock Performance

DAR stock traded up $1.53 during trading hours on Friday, hitting $31.98. 3,456,962 shares of the stock were exchanged, compared to its average volume of 2,250,483. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. 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 firm has a market capitalization of $5.06 billion, a P/E ratio of 18.49 and a beta of 1.19. The company has a 50-day simple moving average of $31.72 and a two-hundred day simple moving average of $35.51.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.