Darling Ingredients Inc. (NYSE:DAR) Stock Position Decreased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,293,410 shares of the company's stock after selling 97,478 shares during the quarter. Pictet Asset Management Holding SA owned about 0.81% of Darling Ingredients worth $43,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Darling Ingredients in the 4th quarter worth $63,956,000. WINTON GROUP Ltd acquired a new position in Darling Ingredients during the fourth quarter worth about $884,000. Vanguard Group Inc. raised its position in Darling Ingredients by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after acquiring an additional 203,921 shares in the last quarter. LPL Financial LLC lifted its holdings in Darling Ingredients by 13.6% in the 4th quarter. LPL Financial LLC now owns 33,100 shares of the company's stock valued at $1,115,000 after acquiring an additional 3,954 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $1,088,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Down 5.1 %

NYSE DAR traded down $1.69 during trading on Thursday, reaching $31.44. 1,499,624 shares of the company's stock were exchanged, compared to its average volume of 2,242,453. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $48.39. The company's fifty day simple moving average is $34.85 and its 200-day simple moving average is $36.39. The firm has a market capitalization of $4.97 billion, a PE ratio of 18.17 and a beta of 1.19.

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Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on DAR. 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. Stephens reaffirmed an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com cut 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 assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.75.

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.