Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lowered its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,553,818 shares of the company's stock after selling 52,051 shares during the quarter. Yacktman Asset Management LP owned about 0.98% of Darling Ingredients worth $52,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company's stock valued at $199,096,000 after buying an additional 289,407 shares during the period. FMR LLC lifted its holdings in Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after acquiring an additional 491,477 shares during the last quarter. Geode Capital Management LLC increased its stake in Darling Ingredients by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock worth $101,830,000 after acquiring an additional 36,618 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC lifted its stake in shares of Darling Ingredients by 11.6% in the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company's stock valued at $55,274,000 after purchasing an additional 154,038 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 1.3 %

Darling Ingredients stock traded up $0.51 during mid-day trading on Friday, reaching $41.00. 742,149 shares of the company's stock were exchanged, compared to its average volume of 2,097,118. 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 Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a market cap of $6.52 billion, a P/E ratio of 23.70 and a beta of 1.21. The company has a fifty day moving average of $35.64 and a 200-day moving average of $37.51.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 6.04% and a net margin of 4.88%. Sell-side analysts expect that Darling Ingredients Inc. will post 2.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DAR shares. Citigroup cut their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stephens restated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.22.

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.