Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,963 shares of the company’s stock after selling 8,086 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Darling Ingredients worth $6,063,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB grew its holdings in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $86,000. First Horizon Advisors Inc. raised its holdings in shares of Darling Ingredients by 30.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after purchasing an additional 712 shares in the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Darling Ingredients during the 4th quarter worth $145,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR opened at $31.58 on Friday. The company’s 50 day simple moving average is $35.06 and its 200-day simple moving average is $36.44. Darling Ingredients Inc. has a 12-month low of $27.20 and a 12-month high of $48.39. The firm has a market cap of $4.99 billion, a PE ratio of 18.25 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 data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating 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%. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup cut their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $52.75.

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.