Deutsche Bank AG Reduces Position in Darling Ingredients Inc. (NYSE:DAR)

Deutsche Bank AG decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,315,480 shares of the company's stock after selling 271,426 shares during the period. Deutsche Bank AG owned about 2.08% of Darling Ingredients worth $111,699,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. CoreCommodity Management LLC lifted its holdings in Darling Ingredients by 32.8% during the fourth quarter. CoreCommodity Management LLC now owns 134,003 shares of the company's stock worth $4,515,000 after acquiring an additional 33,114 shares during the period. Centiva Capital LP lifted its holdings in Darling Ingredients by 242.2% during the fourth quarter. Centiva Capital LP now owns 44,307 shares of the company's stock worth $1,493,000 after acquiring an additional 31,360 shares during the period. Aristeia Capital L.L.C. lifted its holdings in Darling Ingredients by 26.1% during the fourth quarter. Aristeia Capital L.L.C. now owns 21,400 shares of the company's stock worth $721,000 after acquiring an additional 4,423 shares during the period. Atlantic Investment Management Inc. bought a new stake in Darling Ingredients during the fourth quarter worth $19,845,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Darling Ingredients during the fourth quarter worth $2,225,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DAR. Stephens restated an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen lowered 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. Citigroup lowered 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. StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Robert W. Baird reduced their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Darling Ingredients currently has an average rating of "Moderate Buy" and an average price target of $50.33.

Darling Ingredients Stock Down 0.8%

Shares of Darling Ingredients stock traded down $0.29 during midday trading on Friday, hitting $35.04. The company had a trading volume of 981,822 shares, compared to its average volume of 2,275,541. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a market capitalization of $5.54 billion, a P/E ratio of 20.25 and a beta of 1.25. The company has a 50 day moving average of $31.14 and a 200 day moving average of $35.15. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $44.32.

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

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.