Darling Ingredients Inc. (NYSE:DAR) Stake Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 176,128 shares of the company’s stock after selling 3,131 shares during the period. New York State Teachers Retirement System owned 0.11% of Darling Ingredients worth $5,934,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the 4th quarter valued at approximately $25,000. Signaturefd LLC raised its stake in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Darling Ingredients in the 3rd quarter valued at approximately $58,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $38.33 on Thursday. The business’s 50 day moving average is $36.04 and its 200-day moving average is $37.57. 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 capitalization of $6.10 billion, a PE ratio of 22.16 and a beta of 1.21. Darling Ingredients Inc. has a 1-year low of $32.55 and a 1-year high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 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 predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Jefferies Financial Group raised their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price 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.