Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,156 shares of the company’s stock after selling 20,931 shares during the quarter. Legal & General Group Plc owned approximately 0.15% of Darling Ingredients worth $8,259,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Robert W. Baird lowered their price objective on Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. TD Cowen decreased their price target on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Finally, StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.78.

Darling Ingredients Stock Performance

NYSE:DAR opened at $30.71 on Friday. The firm has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $35.76. The company has a market capitalization of $4.86 billion, a P/E ratio of 17.75 and a beta of 1.19. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28. 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 announced its earnings results 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 return on equity of 6.04% and a net margin of 4.88%. As a group, research analysts expect 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.