Victory Capital Management Inc. Cuts Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Victory Capital Management Inc. trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,008 shares of the company’s stock after selling 539 shares during the period. Victory Capital Management Inc.’s holdings in Darling Ingredients were worth $1,011,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DAR. Assenagon Asset Management S.A. boosted its position in Darling Ingredients by 203.2% during 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 buying an additional 1,235,985 shares during the period. Paloma Partners Management Co boosted its position in Darling Ingredients by 2,140.4% during the third quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after buying an additional 838,047 shares during the period. Erste Asset Management GmbH purchased a new stake in Darling Ingredients during the third quarter valued at about $30,545,000. FMR LLC boosted its position in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares during the period. Finally, Perpetual Ltd boosted its position in Darling Ingredients by 2,200.7% during the fourth quarter. Perpetual Ltd now owns 477,225 shares of the company’s stock valued at $16,078,000 after buying an additional 456,482 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of DAR opened at $30.42 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a one year low of $27.20 and a one year high of $48.39. The company has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $36.76. The firm has a market capitalization of $4.83 billion, a PE ratio of 17.58 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DAR. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.75.

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.