Bank of America Corp DE Decreases Holdings in Darling Ingredients Inc. (NYSE:DAR)

Bank of America Corp DE cut its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,580,804 shares of the company's stock after selling 425,453 shares during the quarter. Bank of America Corp DE owned about 1.62% of Darling Ingredients worth $86,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB grew its holdings in Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after acquiring an additional 721 shares during the period. Palouse Capital Management Inc. acquired a new stake in Darling Ingredients during the fourth quarter worth about $86,000. First Horizon Advisors Inc. grew its holdings in Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock worth $102,000 after acquiring an additional 712 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Darling Ingredients during the fourth quarter worth about $109,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Trading Up 0.2%

NYSE:DAR traded up $0.09 on Wednesday, reaching $36.75. The company's stock had a trading volume of 3,385,793 shares, compared to its average volume of 2,257,325. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $44.96. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $31.04 and a 200 day moving average price of $35.18. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 21.24 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the topic of several analyst reports. Stephens reaffirmed an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Robert W. Baird dropped their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. TD Cowen dropped their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Finally, Citigroup dropped their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.33.

Darling Ingredients Company 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.