Principal Financial Group Inc. reduced its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,429,961 shares of the company's stock after selling 49,030 shares during the quarter. Principal Financial Group Inc. owned 0.90% of Darling Ingredients worth $44,672,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds 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 fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after acquiring an additional 286 shares during the last quarter. Ironwood Investment Management LLC grew its stake 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 acquiring an additional 297 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Darling Ingredients by 0.6% during the fourth 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. Spire Wealth Management grew its stake in shares of 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 acquiring an additional 468 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Darling Ingredients by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock worth $581,000 after acquiring an additional 470 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.
Darling Ingredients Price Performance
Shares of DAR traded up $1.15 during trading hours on Thursday, hitting $38.25. 2,428,046 shares of the stock were exchanged, compared to its average volume of 2,249,233. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 35.75 and a beta of 1.23. The stock's 50-day moving average price is $34.80 and its two-hundred day moving average price is $34.11.
Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly 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 3.78% and a net margin of 3.02%. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on DAR shares. Robert W. Baird dropped their target price 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. Citigroup decreased their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. TD Cowen lowered their price objective 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. Finally, Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.
Read Our Latest Analysis on DAR
Darling Ingredients Company Profile
(
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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