Deutsche Bank AG Has $111.70 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Deutsche Bank AG lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,315,480 shares of the company's stock after selling 271,426 shares during the quarter. Deutsche Bank AG owned approximately 2.08% of Darling Ingredients worth $111,699,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Darling Ingredients in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB increased its position in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. bought a new stake in shares of Darling Ingredients in the 4th quarter worth $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 bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $109,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Darling Ingredients stock traded up $0.09 during mid-day trading on Wednesday, hitting $36.75. 3,385,793 shares of the company were exchanged, compared to its average volume of 2,257,325. The company has a market capitalization of $5.81 billion, a PE ratio of 21.24 and a beta of 1.25. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year 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 business has a fifty day moving average of $31.04 and a 200 day moving average of $35.18.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on DAR. Robert W. Baird reduced their price target 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. StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Stephens reissued an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup decreased their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, TD Cowen dropped their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients currently 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.