New York State Common Retirement Fund Cuts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

New York State Common Retirement Fund lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 529,649 shares of the company's stock after selling 9,159 shares during the quarter. New York State Common Retirement Fund owned about 0.33% of Darling Ingredients worth $17,844,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DAR. Assenagon Asset Management S.A. boosted its holdings in Darling Ingredients by 203.2% in 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 in the last quarter. Paloma Partners Management Co boosted 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 acquiring an additional 838,047 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at approximately $30,545,000. ING Groep NV grew its position in shares of Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company's stock worth $30,103,000 after acquiring an additional 574,700 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after buying an additional 491,477 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Down 4.1 %

Darling Ingredients stock traded down $1.59 during trading hours on Wednesday, reaching $36.98. 733,483 shares of the company's stock were exchanged, compared to its average volume of 2,138,941. 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 twelve month low of $32.55 and a twelve month high of $48.39. The firm's 50 day simple moving average is $36.38 and its 200 day simple moving average is $37.68. The firm has a market capitalization of $5.88 billion, a PE ratio of 21.41 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 (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%. Research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on DAR. Stephens reiterated 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 company an "overweight" rating in a report on Wednesday, October 30th. Finally, Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.22.

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.