Cerity Partners LLC Sells 16,694 Shares of Darling Ingredients Inc. (NYSE:DAR)

Cerity Partners LLC trimmed its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,836 shares of the company's stock after selling 16,694 shares during the quarter. Cerity Partners LLC owned 0.14% of Darling Ingredients worth $7,055,000 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 during the fourth quarter worth about $25,000. Hexagon Capital Partners LLC increased its holdings in shares of Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. increased its holdings in shares of Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares during the period. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after buying an additional 1,038 shares in the last quarter. Finally, Spire Wealth Management grew its position in Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after buying an additional 468 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Down 1.1%

Shares of Darling Ingredients stock traded down $0.40 on Wednesday, hitting $35.61. The stock had a trading volume of 1,931,345 shares, compared to its average volume of 2,255,345. The stock's 50-day simple moving average is $35.15 and its two-hundred day simple moving average is $34.21. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 33.28 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49.

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 the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DAR. Jefferies Financial Group upped their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Citigroup decreased their target price 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. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Robert W. Baird reduced their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and a consensus price target of $46.14.

Darling Ingredients Company 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.