UNIVEST FINANCIAL Corp Sells 42,218 Shares of Darling Ingredients Inc. (NYSE:DAR)

UNIVEST FINANCIAL Corp cut its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 53.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,480 shares of the company's stock after selling 42,218 shares during the period. UNIVEST FINANCIAL Corp's holdings in Darling Ingredients were worth $1,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Paloma Partners Management Co lifted its stake 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 in the last quarter. Erste Asset Management GmbH acquired a new stake in Darling Ingredients during the 3rd quarter worth about $30,545,000. 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 acquiring an additional 526,425 shares in the last quarter. Finally, FMR LLC increased 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 purchasing an additional 491,477 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on DAR shares. Stephens reaffirmed an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup cut their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $52.75.

Darling Ingredients Price Performance

Shares of NYSE DAR traded down $0.29 during midday trading on Monday, reaching $31.26. 2,337,441 shares of the company traded hands, compared to its average volume of 2,243,971. The stock's 50-day simple moving average is $34.95 and its 200-day simple moving average is $36.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a 12 month low of $27.20 and a 12 month high of $48.39. The firm has a market cap of $4.94 billion, a PE ratio of 18.07 and a beta of 1.25.

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, beating analysts' consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.