Impax Asset Management Group plc Has $86.10 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Impax Asset Management Group plc cut its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,772,289 shares of the company's stock after selling 217,020 shares during the quarter. Impax Asset Management Group plc owned about 1.75% of Darling Ingredients worth $86,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp boosted its stake in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock valued at $303,000 after acquiring an additional 286 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Darling Ingredients by 0.7% during the 4th 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 period. Treasurer of the State of North Carolina lifted its holdings 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 worth $2,348,000 after acquiring an additional 440 shares in the last quarter. Spire Wealth Management lifted its holdings in 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 in the last quarter. Finally, State of Alaska Department of Revenue grew 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 period. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DAR. TD Cowen decreased their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Citigroup decreased their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Robert W. Baird decreased their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Darling Ingredients Stock Up 0.5%

DAR traded up $0.21 on Friday, hitting $39.45. 1,578,187 shares of the company were exchanged, compared to its average volume of 2,243,699. 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 $6.24 billion, a PE ratio of 36.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40. The stock's fifty day moving average is $34.47 and its 200-day moving average is $34.03.

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 the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The business's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Company 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.