Lazard Asset Management LLC Reduces Position in Darling Ingredients Inc. (NYSE:DAR)

Lazard Asset Management LLC lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,542 shares of the company's stock after selling 12,374 shares during the period. Lazard Asset Management LLC's holdings in Darling Ingredients were worth $927,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB increased its stake in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in Darling Ingredients during the 4th quarter valued at $86,000. First Horizon Advisors Inc. increased its stake in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after purchasing an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Darling Ingredients during the 4th quarter valued at $109,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on DAR. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. TD Cowen decreased their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Finally, Robert W. Baird decreased their price target on shares of 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and an average price target of $46.00.

Darling Ingredients Stock Down 0.5%

Shares of NYSE DAR traded down $0.17 during trading on Friday, hitting $31.54. The stock had a trading volume of 1,408,375 shares, compared to its average volume of 2,245,890. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $4.99 billion, a PE ratio of 18.23 and a beta of 1.25. The firm has a fifty day moving average of $31.55 and a two-hundred day moving average of $34.88.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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). 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 in the previous year, the company earned $0.50 EPS. The business's revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts forecast 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.