Granite Investment Partners LLC Sells 6,401 Shares of Darling Ingredients Inc. (NYSE:DAR)

Granite Investment Partners LLC trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,822 shares of the company’s stock after selling 6,401 shares during the quarter. Granite Investment Partners LLC’s holdings in Darling Ingredients were worth $1,712,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DAR. Sycomore Asset Management grew its holdings in Darling Ingredients by 101.2% during the fourth 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 during the last quarter. KBC Group NV boosted its holdings in Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after acquiring an additional 66,966 shares during the period. AXQ Capital LP acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at about $735,000. Assenagon Asset Management S.A. increased its stake 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 purchasing an additional 1,235,985 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Darling Ingredients during the 4th quarter worth about $13,769,000. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Finally, Citigroup cut their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One equities 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $28.99 on Monday. The business has a 50 day simple moving average of $33.62 and a 200 day simple moving average of $35.95. 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 company has a market capitalization of $4.58 billion, a PE ratio of 16.76 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS 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.