Comerica Bank Grows Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Comerica Bank increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 36.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,365 shares of the company's stock after purchasing an additional 41,856 shares during the period. Comerica Bank owned approximately 0.10% of Darling Ingredients worth $5,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. M&T Bank Corp grew its position in Darling Ingredients by 3.3% during the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock valued at $303,000 after buying an additional 286 shares during the period. Ironwood Investment Management LLC grew its position in Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock valued at $1,414,000 after buying an additional 297 shares during the period. CIBC Asset Management Inc grew its position in Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock valued at $206,000 after buying an additional 337 shares during the period. Metis Global Partners LLC grew its position in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock valued at $330,000 after buying an additional 406 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Darling Ingredients by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock valued at $2,348,000 after buying an additional 440 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded up $0.17 during midday trading on Friday, reaching $34.02. 1,535,450 shares of the company were exchanged, compared to its average volume of 2,251,461. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The business's fifty day moving average is $30.83 and its two-hundred day moving average is $35.18. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28. The stock has a market cap of $5.38 billion, a PE ratio of 19.66 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results 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 return on equity of 6.04% and a net margin of 4.88%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.50 EPS. Darling Ingredients's revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

DAR has been the subject of several recent research reports. Robert W. Baird cut their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. TD Cowen dropped their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Citigroup dropped their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.33.

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.