Thrivent Financial for Lutherans Cuts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Thrivent Financial for Lutherans cut its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 59.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,723 shares of the company's stock after selling 54,235 shares during the quarter. Thrivent Financial for Lutherans' holdings in Darling Ingredients were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. William Blair Investment Management LLC lifted its holdings in Darling Ingredients by 51.3% in the fourth 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 period. Natixis Advisors LLC grew its stake in Darling Ingredients by 6.0% in the fourth quarter. Natixis Advisors LLC now owns 114,409 shares of the company's stock worth $3,854,000 after purchasing an additional 6,496 shares during the period. Ironwood Investment Management LLC raised its holdings in Darling Ingredients by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock worth $1,414,000 after purchasing an additional 297 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Darling Ingredients by 0.3% during the 4th quarter. Swiss National Bank now owns 312,800 shares of the company's stock valued at $10,538,000 after buying an additional 1,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Darling Ingredients by 17.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,953 shares of the company's stock worth $2,256,000 after buying an additional 9,855 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAR. Citigroup decreased 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. StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Stephens reiterated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.75.

Darling Ingredients Stock Performance

DAR stock traded down $1.62 on Thursday, hitting $31.51. The company had a trading volume of 3,159,707 shares, compared to its average volume of 2,248,619. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 18.21 and a beta of 1.19. 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 stock's 50-day simple moving average is $34.85 and its 200 day simple moving average is $36.39. Darling Ingredients Inc. has a 12-month low of $27.20 and a 12-month high of $48.39.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Company 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.