Handelsbanken Fonder AB Has $28.80 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Handelsbanken Fonder AB trimmed its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 921,801 shares of the company's stock after selling 42,821 shares during the period. Handelsbanken Fonder AB owned approximately 0.58% of Darling Ingredients worth $28,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AXQ Capital LP purchased a new stake in Darling Ingredients in the 4th quarter worth approximately $735,000. Raymond James Financial Inc. acquired a new stake in shares of Darling Ingredients during the 4th quarter worth about $13,769,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at $679,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Darling Ingredients by 17.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,953 shares of the company's stock valued at $2,256,000 after buying an additional 9,855 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Darling Ingredients during the 4th quarter worth approximately $258,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 2.5%

NYSE:DAR traded up $0.80 on Thursday, hitting $32.28. 2,028,400 shares of the company's stock traded hands, compared to its average volume of 2,164,488. The company has a market cap of $5.11 billion, a PE ratio of 18.66 and a beta of 1.18. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $31.64 and a 200-day moving average price of $33.96.

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). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business earned $0.50 EPS. The business's revenue was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DAR shares. Citigroup reduced their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Robert W. Baird decreased their price objective 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 raised Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, TD Cowen reduced their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

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.