Bank of New York Mellon Corp Sells 1,148 Shares of Darling Ingredients Inc. (NYSE:DAR)

Bank of New York Mellon Corp lowered its holdings in Darling Ingredients Inc. (NYSE:DAR) by 0.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,224,958 shares of the company’s stock after selling 1,148 shares during the period. Bank of New York Mellon Corp owned approximately 2.66% of Darling Ingredients worth $142,339,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings in Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after purchasing an additional 289,407 shares during the period. FMR LLC boosted its holdings in Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after purchasing an additional 491,477 shares during the period. Geode Capital Management LLC boosted its holdings in Darling Ingredients by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after purchasing an additional 36,618 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC boosted its holdings in Darling Ingredients by 11.6% in the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after purchasing an additional 154,038 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAR. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup cut their price target 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $36.06 on Friday. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 20.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $36.50 and a 200 day simple moving average of $37.67. Darling Ingredients Inc. has a one year low of $32.55 and a one year 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, 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%. Research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.