Keybank National Association OH Sells 12,082 Shares of Darling Ingredients Inc. (NYSE:DAR)

Keybank National Association OH lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 63.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,889 shares of the company’s stock after selling 12,082 shares during the quarter. Keybank National Association OH’s holdings in Darling Ingredients were worth $232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its position in shares of Darling Ingredients by 5.7% in the third 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 in the last quarter. FMR LLC raised its holdings in Darling Ingredients by 17.3% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Darling Ingredients by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock worth $101,830,000 after purchasing an additional 36,618 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of 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 worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC raised its stake in Darling Ingredients by 11.6% in the third 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 in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $30.83 on Wednesday. The firm has a market cap of $4.90 billion, a PE ratio of 17.82 and a beta of 1.25. Darling Ingredients Inc. has a 52 week low of $30.03 and a 52 week high of $48.39. The firm’s fifty day moving average is $36.49 and its 200-day moving average is $37.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 brokerages have issued reports on DAR. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Stephens reiterated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup lowered their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

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.