KBC Group NV Sells 56,922 Shares of Darling Ingredients Inc. (NYSE:DAR)

KBC Group NV lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 54.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,221 shares of the company's stock after selling 56,922 shares during the quarter. KBC Group NV's holdings in Darling Ingredients were worth $1,475,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DAR. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients in the 4th quarter worth approximately $25,000. UMB Bank n.a. boosted its holdings in shares of Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares during the period. Spire Wealth Management boosted its holdings in shares of Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after purchasing an additional 468 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Darling Ingredients in the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DAR shares. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Robert W. Baird dropped 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 dropped 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, TD Cowen dropped their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Stock Up 0.5%

Shares of DAR stock traded up $0.21 during mid-day trading on Friday, hitting $39.45. The stock had a trading volume of 1,578,187 shares, compared to its average volume of 2,245,313. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The firm has a market capitalization of $6.24 billion, a P/E ratio of 36.87 and a beta of 1.23. The firm's 50-day moving average is $34.47 and its two-hundred day moving average is $34.02. 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 issued 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). Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. Darling Ingredients's quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share 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.