Darling Ingredients Inc. (NYSE:DAR) Position Cut by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 54.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 837 shares of the company’s stock after selling 1,017 shares during the period. Farther Finance Advisors LLC’s holdings in Darling Ingredients were worth $28,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DAR. M&T Bank Corp grew its position in Darling Ingredients by 3.3% in the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock worth $303,000 after purchasing an additional 286 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Darling Ingredients by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after purchasing an additional 406 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after purchasing an additional 412 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Darling Ingredients by 7.3% during the third quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company’s stock valued at $311,000 after purchasing an additional 564 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Up 0.3 %

Shares of NYSE DAR opened at $29.90 on Tuesday. The business has a 50-day moving average price of $35.53 and a two-hundred day moving average price of $36.58. Darling Ingredients Inc. has a one year low of $27.20 and a one year high of $48.39. The firm has a market capitalization of $4.75 billion, a PE ratio of 17.28 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DAR shares. Stephens restated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday. Finally, Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.