Earnest Partners LLC Cuts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Earnest Partners LLC cut its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,046,331 shares of the company's stock after selling 8,031 shares during the period. Earnest Partners LLC owned about 2.54% of Darling Ingredients worth $136,321,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in Darling Ingredients by 32.8% during the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company's stock valued at $49,529,000 after buying an additional 328,893 shares during the period. Tidal Investments LLC raised its holdings in shares of Darling Ingredients by 47.3% in the third quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock worth $745,000 after buying an additional 6,442 shares during the period. Central Pacific Bank Trust Division grew its position in Darling Ingredients by 10.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,724 shares of the company's stock valued at $361,000 after acquiring an additional 1,040 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of Darling Ingredients by 10.8% in the fourth quarter. First Hawaiian Bank now owns 16,521 shares of the company's stock worth $557,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Darling Ingredients by 18.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock valued at $299,000 after buying an additional 1,257 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

DAR has been the subject of a number of research reports. StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. TD Cowen cut their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. 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. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, 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 report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.33.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $0.59 during midday trading on Thursday, reaching $32.78. The company's stock had a trading volume of 2,204,779 shares, compared to its average volume of 2,247,732. The firm has a market capitalization of $5.18 billion, a PE ratio of 18.95 and a beta of 1.19. The stock has a fifty day moving average of $31.30 and a 200 day moving average of $35.42. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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 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 analyst estimates of $1.45 billion. During the same period last year, the business earned $0.50 earnings per share. The firm's revenue was down 2.8% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS 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.