New York State Common Retirement Fund Sells 9,159 Shares of Darling Ingredients Inc. (NYSE:DAR)

New York State Common Retirement Fund lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,649 shares of the company’s stock after selling 9,159 shares during the quarter. New York State Common Retirement Fund owned 0.33% of Darling Ingredients worth $17,844,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Peregrine Capital Management LLC grew its holdings in Darling Ingredients by 1.5% during the fourth quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company’s stock worth $6,329,000 after buying an additional 2,832 shares in the last quarter. CIBC Asset Management Inc raised its position in 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 acquiring an additional 337 shares during the period. Sanctuary Advisors LLC boosted its stake in Darling Ingredients by 4.8% in the fourth quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company’s stock valued at $570,000 after acquiring an additional 707 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in Darling Ingredients in the fourth quarter valued at about $86,000. Finally, Lightrock Netherlands B.V. purchased a new position in Darling Ingredients in the fourth quarter valued at about $8,323,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $39.18 on Friday. The company’s 50 day moving average is $36.21 and its 200-day moving average is $37.62. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market cap of $6.23 billion, a P/E ratio of 22.65 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DAR. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. 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 note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $53.22.

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.