Vanguard Group Inc. Increases Position in Darling Ingredients Inc. (NYSE:DAR)

Vanguard Group Inc. raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,567,996 shares of the company's stock after purchasing an additional 203,921 shares during the period. Vanguard Group Inc. owned approximately 9.79% of Darling Ingredients worth $524,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after buying an additional 286 shares in the last quarter. Ironwood Investment Management LLC raised its stake in Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock valued at $1,414,000 after purchasing an additional 297 shares in the last quarter. CIBC Asset Management Inc grew its position in Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after acquiring an additional 337 shares in the last quarter. Metis Global Partners LLC increased its position in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock valued at $330,000 after acquiring an additional 406 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company's stock valued at $283,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

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Darling Ingredients Trading Down 9.2 %

Darling Ingredients stock traded down $2.91 during midday trading on Friday, reaching $28.56. 2,308,628 shares of the stock traded hands, compared to its average volume of 2,244,942. 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 $4.52 billion, a PE ratio of 16.56 and a beta of 1.19. The company has a 50-day simple moving average of $34.76 and a two-hundred day simple moving average of $36.36. 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 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%. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DAR shares. Citigroup cut their target price 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. StockNews.com downgraded Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday. TD Cowen dropped their price objective on shares of Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Stephens restated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

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.