Darling Ingredients Inc. (NYSE:DAR) Stock Position Lessened by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 71.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,683 shares of the company's stock after selling 371,207 shares during the quarter. Jennison Associates LLC owned 0.09% of Darling Ingredients worth $4,582,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Darling Ingredients by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after purchasing an additional 203,921 shares in the last quarter. Gates Capital Management Inc. grew its stake in shares of Darling Ingredients by 11.4% in the fourth quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after purchasing an additional 682,529 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Darling Ingredients by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after purchasing an additional 791,157 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after purchasing an additional 2,627,785 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company's stock worth $132,049,000 after purchasing an additional 595,325 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

DAR has been the subject of several recent analyst reports. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Jefferies Financial Group upped their price objective on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. Robert W. Baird cut their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Citigroup cut their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $46.14.

Darling Ingredients Trading Up 0.6%

Shares of NYSE DAR opened at $35.85 on Monday. 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 $5.67 billion, a price-to-earnings ratio of 33.50 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. The business has a fifty day simple moving average of $35.28 and a 200-day simple moving average of $34.26.

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 analysts' expectations of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS 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.

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