Darling Ingredients Inc. (NYSE:DAR) Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,478,991 shares of the company's stock after selling 91,140 shares during the quarter. Principal Financial Group Inc. owned approximately 0.93% of Darling Ingredients worth $49,828,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of DAR. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients in the fourth quarter valued at approximately $25,000. Signaturefd LLC boosted its position in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. boosted its position in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after purchasing an additional 288 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after purchasing an additional 721 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in Darling Ingredients during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $0.13 during trading on Monday, hitting $39.35. 2,001,474 shares of the company traded hands, compared to its average volume of 2,192,670. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 22.75 and a beta of 1.21. The business's fifty day moving average is $36.32 and its 200-day moving average is $37.66. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. 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 (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share 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%. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on DAR shares. Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Stephens reiterated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.22.

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.