Arnhold LLC Sells 34,559 Shares of Darling Ingredients Inc. (NYSE:DAR)

Arnhold LLC lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 359,898 shares of the company's stock after selling 34,559 shares during the quarter. Arnhold LLC owned 0.23% of Darling Ingredients worth $12,125,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Darling Ingredients by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after buying an additional 203,921 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Darling Ingredients by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after purchasing an additional 791,157 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after purchasing an additional 2,627,785 shares during the last quarter. FMR LLC lifted its holdings in shares of Darling Ingredients by 17.9% in the 4th quarter. FMR LLC now owns 3,919,542 shares of the company's stock worth $132,049,000 after purchasing an additional 595,325 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Darling Ingredients by 19.2% in the 4th quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company's stock worth $80,034,000 after purchasing an additional 389,980 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Down 1.3 %

Shares of DAR traded down $0.43 during midday trading on Wednesday, hitting $31.77. The stock had a trading volume of 666,479 shares, compared to its average volume of 2,242,258. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $47.28. The business has a 50-day simple moving average of $31.44 and a two-hundred day simple moving average of $35.44. The firm has a market cap of $5.02 billion, a P/E ratio of 18.36 and a beta of 1.19. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Darling Ingredients's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DAR shares. TD Cowen cut their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Stephens reaffirmed an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Robert W. Baird cut their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.33.

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.