Banque Cantonale Vaudoise Sells 456 Shares of Darling Ingredients Inc. (NYSE:DAR)

Banque Cantonale Vaudoise trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,556 shares of the company’s stock after selling 456 shares during the period. Banque Cantonale Vaudoise’s holdings in Darling Ingredients were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Perpetual Ltd raised its stake in shares of Darling Ingredients by 41.5% during the first quarter. Perpetual Ltd now owns 24,256 shares of the company’s stock valued at $1,128,000 after acquiring an additional 7,116 shares during the last quarter. Alaska Permanent Fund Corp bought a new position in Darling Ingredients in the first quarter worth about $923,000. Rise Advisors LLC bought a new position in Darling Ingredients in the first quarter worth about $25,000. NBC Securities Inc. raised its stake in Darling Ingredients by 17.2% in the first quarter. NBC Securities Inc. now owns 20,808 shares of the company’s stock worth $967,000 after buying an additional 3,054 shares in the last quarter. Finally, Adirondack Trust Co. raised its stake in Darling Ingredients by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 3,600 shares of the company’s stock worth $179,000 after buying an additional 1,800 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Up 3.0 %

NYSE:DAR opened at $35.71 on Monday. The company’s 50 day moving average price is $41.05 and its 200-day moving average price is $43.73. Darling Ingredients Inc. has a 52 week low of $33.94 and a 52 week high of $71.60. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 10.69 and a beta of 1.26.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities research analysts forecast that Darling Ingredients Inc. will post 2.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DAR. Scotiabank decreased their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, June 12th. BMO Capital Markets decreased their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Stifel Nicolaus decreased their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.45.

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.