Legal & General Group Plc Has $8.26 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Legal & General Group Plc lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,156 shares of the company's stock after selling 20,931 shares during the quarter. Legal & General Group Plc owned 0.15% of Darling Ingredients worth $8,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sycomore Asset Management increased its stake in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after purchasing an additional 65,444 shares during the period. KBC Group NV grew its stake in shares of Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock valued at $3,509,000 after purchasing an additional 66,966 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Darling Ingredients during the fourth quarter worth approximately $735,000. Assenagon Asset Management S.A. grew its position in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Darling Ingredients during the 4th quarter worth $13,769,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

DAR has been the subject of several recent analyst reports. StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen decreased their price target on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Citigroup dropped 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. Finally, Robert W. Baird lowered their price target on Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.78.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded down $0.40 during mid-day trading on Thursday, hitting $29.96. The company had a trading volume of 1,718,460 shares, compared to its average volume of 2,247,852. The business's 50-day simple moving average is $32.12 and its 200-day simple moving average is $35.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $4.74 billion, a P/E ratio of 17.29 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.66). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, 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.