Assenagon Asset Management S.A. decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,576,261 shares of the company's stock after selling 268,036 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.00% of Darling Ingredients worth $49,242,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in DAR. M&T Bank Corp grew its stake in shares of Darling Ingredients by 3.3% during 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 period. Ironwood Investment Management LLC increased its position in shares of Darling Ingredients by 0.7% during the fourth 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 in the last quarter. CIBC Asset Management Inc raised its position in shares of Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock valued at $206,000 after buying an additional 337 shares during the last quarter. Metis Global Partners LLC lifted its position in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock worth $330,000 after buying an additional 406 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Darling Ingredients by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock valued at $2,348,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.
Darling Ingredients Stock Up 7.2%
Shares of NYSE:DAR traded up $2.36 during trading on Friday, hitting $35.35. The company's stock had a trading volume of 5,996,474 shares, compared to its average volume of 2,185,742. The business has a 50 day moving average price of $31.73 and a two-hundred day moving average price of $33.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The company has a market capitalization of $5.59 billion, a PE ratio of 20.44 and a beta of 1.18.
Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The company's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have commented on DAR. TD Cowen decreased their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Citigroup cut 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. Finally, Robert W. Baird lowered 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.
Check Out Our Latest Stock Report on DAR
About Darling Ingredients
(
Free Report)
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.
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