Hartree Partners LP Sells 70,000 Shares of Darling Ingredients Inc. (NYSE:DAR)

Hartree Partners LP decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 60.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,000 shares of the company’s stock after selling 70,000 shares during the period. Hartree Partners LP’s holdings in Darling Ingredients were worth $1,516,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in Darling Ingredients during the third quarter worth about $30,545,000. Sycomore Asset Management boosted its stake in shares of Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after purchasing an additional 65,444 shares in the last quarter. KBC Group NV grew its holdings in shares of Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after purchasing an additional 66,966 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after buying an additional 1,235,985 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $13,769,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

NYSE DAR opened at $31.58 on Friday. The business’s fifty day moving average is $35.06 and its 200 day moving average is $36.44. The company has a market capitalization of $4.99 billion, a PE ratio of 18.25 and a beta of 1.25. Darling Ingredients Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $48.39. 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 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%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAR. Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Finally, Citigroup cut their target price 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $52.75.

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.