Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH lowered its stake in Darling Ingredients Inc. (NYSE:DAR) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,178 shares of the company’s stock after selling 12,735 shares during the period. Erste Asset Management GmbH’s holdings in Darling Ingredients were worth $26,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DAR. Farther Finance Advisors LLC increased its holdings in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares during the period. Atria Investments Inc increased its holdings in shares of Darling Ingredients by 12.8% in the third quarter. Atria Investments Inc now owns 22,345 shares of the company’s stock valued at $830,000 after purchasing an additional 2,536 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $58,000. GSA Capital Partners LLP increased its holdings in shares of Darling Ingredients by 117.1% in the third quarter. GSA Capital Partners LLP now owns 22,642 shares of the company’s stock valued at $841,000 after purchasing an additional 12,213 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Darling Ingredients by 19.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 147,650 shares of the company’s stock valued at $5,487,000 after purchasing an additional 24,435 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the topic of a number of recent research reports. Citigroup dropped their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $52.75.

Darling Ingredients Trading Down 4.1 %

NYSE:DAR opened at $29.57 on Thursday. Darling Ingredients Inc. has a 1 year low of $29.49 and a 1 year high of $48.39. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 17.09 and a beta of 1.25. The stock has a fifty day moving average price of $36.43 and a two-hundred day moving average price of $37.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate 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.