Keene & Associates Inc. Decreases Position in Darling Ingredients Inc. (NYSE:DAR)

Keene & Associates Inc. lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 22.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,135 shares of the company’s stock after selling 2,875 shares during the quarter. Keene & Associates Inc.’s holdings in Darling Ingredients were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in Darling Ingredients in the 4th quarter valued at $1,070,000. Peregrine Capital Management LLC raised its position in shares of Darling Ingredients by 1.5% in the fourth quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company’s stock valued at $6,329,000 after buying an additional 2,832 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after buying an additional 337 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Darling Ingredients by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company’s stock worth $570,000 after acquiring an additional 707 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new stake in Darling Ingredients during the 4th quarter valued at about $86,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $41.81 on Wednesday. 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 stock has a market cap of $6.65 billion, a PE ratio of 24.17 and a beta of 1.21. The stock has a fifty day simple moving average of $35.93 and a 200-day simple moving average of $37.54. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data 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 net margin of 4.88% and a return on equity of 6.04%. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the topic of a number of research reports. Citigroup decreased 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 note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.