Rhumbline Advisers Reduces Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Rhumbline Advisers cut its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 446,959 shares of the company’s stock after selling 2,370 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Darling Ingredients worth $15,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients during the 4th quarter worth approximately $25,000. Signaturefd LLC increased its holdings 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 during the last quarter. Blue Trust Inc. increased its holdings 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 during the last quarter. Wilmington Savings Fund Society FSB increased its holdings 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 during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $58,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of DAR opened at $39.18 on Friday. The company has a market cap of $6.23 billion, a P/E ratio of 22.65 and a beta of 1.21. The stock has a fifty day moving average price of $36.21 and a 200 day moving average price of $37.62. 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 12 month low of $32.55 and a 12 month high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 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%. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.22.

About Darling Ingredients

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.