Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Ethic Inc.

Ethic Inc. decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 73.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,793 shares of the company's stock after selling 18,329 shares during the quarter. Ethic Inc.'s holdings in Darling Ingredients were worth $229,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Sycomore Asset Management grew its position in Darling Ingredients by 101.2% during the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after buying an additional 65,444 shares during the period. KBC Group NV boosted its stake in shares of Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after acquiring an additional 66,966 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Darling Ingredients during the 4th quarter valued at about $735,000. Raymond James Financial Inc. acquired a new stake in shares of Darling Ingredients during the 4th quarter valued at about $13,769,000. Finally, Perpetual Ltd increased its stake in shares of Darling Ingredients by 2,200.7% in the 4th quarter. Perpetual Ltd now owns 477,225 shares of the company's stock valued at $16,078,000 after purchasing an additional 456,482 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen lowered 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. Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Robert W. Baird cut their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Citigroup reduced their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Darling Ingredients Price Performance

Shares of DAR traded down $2.28 during trading hours on Wednesday, hitting $31.54. 2,445,540 shares of the stock were exchanged, compared to its average volume of 2,263,538. The stock's 50-day moving average price is $31.43 and its two-hundred day moving average price is $35.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 18.23 and a beta of 1.25. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Darling Ingredients's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.