Ameriprise Financial Inc. Has $6.22 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Ameriprise Financial Inc. reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,624 shares of the company's stock after selling 8,123 shares during the quarter. Ameriprise Financial Inc. owned 0.12% of Darling Ingredients worth $6,220,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. M&T Bank Corp grew its holdings in shares of Darling Ingredients by 3.3% in the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after purchasing an additional 286 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Darling Ingredients by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock worth $1,414,000 after purchasing an additional 297 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after purchasing an additional 337 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Darling Ingredients by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock worth $330,000 after purchasing an additional 406 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Darling Ingredients by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after acquiring an additional 440 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Down 1.2%

Shares of NYSE:DAR traded down $0.39 during mid-day trading on Thursday, reaching $31.09. The stock had a trading volume of 2,092,992 shares, compared to its average volume of 2,232,662. The firm has a market cap of $4.92 billion, a PE ratio of 17.97 and a beta of 1.25. The firm has a 50 day simple moving average of $31.67 and a two-hundred day simple moving average of $34.63. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. On average, research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research analyst reports. TD Cowen decreased 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. Citigroup decreased their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Robert W. Baird cut their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

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.