Gotham Asset Management LLC Decreases Stake in Darling Ingredients Inc. (NYSE:DAR)

Gotham Asset Management LLC reduced its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 17.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,376 shares of the company's stock after selling 49,237 shares during the quarter. Gotham Asset Management LLC owned 0.14% of Darling Ingredients worth $7,728,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DAR. Barclays PLC increased its stake in Darling Ingredients by 32.8% in the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company's stock worth $49,529,000 after acquiring an additional 328,893 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Darling Ingredients by 18.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock worth $299,000 after acquiring an additional 1,257 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in Darling Ingredients by 142.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 13,172 shares of the company's stock worth $444,000 after acquiring an additional 7,731 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $219,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients by 203.2% during 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 purchasing an additional 1,235,985 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Down 0.1%

Darling Ingredients stock traded down $0.05 during mid-day trading on Friday, hitting $35.28. The company had a trading volume of 2,425,080 shares, compared to its average volume of 2,259,067. 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 stock's 50 day moving average price is $31.14 and its two-hundred day moving average price is $35.15. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $44.37. The company has a market capitalization of $5.58 billion, a PE ratio of 20.39 and a beta of 1.25.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird reduced their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Stephens reiterated an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup reduced their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, TD Cowen dropped their price target 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus 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.