DekaBank Deutsche Girozentrale Has $2.67 Million Position in Darling Ingredients Inc. (NYSE:DAR)

DekaBank Deutsche Girozentrale cut its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 17.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,627 shares of the company's stock after selling 18,187 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.05% of Darling Ingredients worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. M&T Bank Corp increased its position in 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 increased its holdings in Darling Ingredients by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock worth $1,414,000 after buying an additional 297 shares during the last quarter. Treasurer of the State of North Carolina raised its position in 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 valued at $2,348,000 after acquiring an additional 440 shares in the last quarter. Spire Wealth Management raised its position in Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock valued at $88,000 after acquiring an additional 468 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Darling Ingredients by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock valued at $581,000 after acquiring an additional 470 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAR. Citigroup cut their price target 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. Robert W. Baird lowered 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. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Jefferies Financial Group boosted their price target on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, 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 report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.14.

Darling Ingredients Stock Down 2.0%

DAR stock opened at $37.51 on Friday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 35.06 and a beta of 1.23. The company has a 50-day moving average of $35.00 and a two-hundred day moving average of $34.17. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. Darling Ingredients's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.

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