Darling Ingredients Inc. (NYSE:DAR) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,206 shares of the company’s stock after selling 342 shares during the period. PNC Financial Services Group Inc.’s holdings in Darling Ingredients were worth $409,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its holdings in shares of Darling Ingredients by 111.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after buying an additional 15,933 shares during the period. NFC Investments LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $22,473,000. Goldman Sachs Group Inc. lifted its position in shares of Darling Ingredients by 15.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock worth $79,499,000 after purchasing an additional 213,763 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after purchasing an additional 226,134 shares in the last quarter. Finally, Gates Capital Management Inc. purchased a new position in shares of Darling Ingredients in the fourth quarter valued at $88,885,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. TD Cowen cut their price target on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Stifel Nicolaus lowered their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, June 12th. Finally, Scotiabank dropped 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.45.

Darling Ingredients Stock Up 0.7 %

DAR stock opened at $36.75 on Friday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 11.00 and a beta of 1.26. Darling Ingredients Inc. has a 1-year low of $33.94 and a 1-year high of $71.60. The firm has a fifty day moving average price of $40.47 and a two-hundred day moving average price of $43.41. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $1.16 EPS. Darling Ingredients’s quarterly revenue was down 20.7% on a year-over-year basis. Research analysts predict that Darling Ingredients Inc. will post 2.67 EPS for the current 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.