Sei Investments Co. decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,261 shares of the company's stock after selling 8,352 shares during the quarter. Sei Investments Co. owned about 0.23% of Darling Ingredients worth $12,440,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Darling Ingredients by 1,003.0% during the 4th quarter. American Century Companies Inc. now owns 578,908 shares of the company's stock valued at $19,503,000 after purchasing an additional 526,425 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Darling Ingredients during the fourth quarter worth about $2,903,000. Xponance Inc. boosted its position in Darling Ingredients by 9.7% in the fourth quarter. Xponance Inc. now owns 19,790 shares of the company's stock valued at $667,000 after buying an additional 1,748 shares during the last quarter. Intech Investment Management LLC increased its holdings in Darling Ingredients by 60.9% in the 4th quarter. Intech Investment Management LLC now owns 32,735 shares of the company's stock worth $1,103,000 after buying an additional 12,386 shares during the period. Finally, William Blair Investment Management LLC raised its position in Darling Ingredients by 51.3% during the 4th quarter. William Blair Investment Management LLC now owns 20,444 shares of the company's stock worth $689,000 after buying an additional 6,934 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.
Darling Ingredients Price Performance
NYSE:DAR traded up $0.70 during trading hours on Wednesday, reaching $32.95. 1,409,454 shares of the company were exchanged, compared to its average volume of 2,190,098. 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 cap of $5.21 billion, a PE ratio of 19.05 and a beta of 1.19. Darling Ingredients Inc. has a twelve month low of $27.20 and a twelve month high of $48.39. The stock's 50-day moving average is $34.89 and its 200-day moving average is $36.42.
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 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%. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
Analysts Set New Price Targets
DAR has been the topic of several recent research reports. Stephens reaffirmed an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Citigroup reduced their price objective on 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.75.
Check Out Our Latest Analysis on Darling Ingredients
Darling Ingredients Company Profile
(
Free Report)
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.
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