Mackenzie Financial Corp Sells 21,173 Shares of Darling Ingredients Inc. (NYSE:DAR)

Mackenzie Financial Corp cut its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,778 shares of the company's stock after selling 21,173 shares during the period. Mackenzie Financial Corp's holdings in Darling Ingredients were worth $835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Darling Ingredients by 148.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after buying an additional 2,627,785 shares during the period. iSAM Funds UK Ltd acquired a new position in Darling Ingredients in the fourth quarter valued at about $314,000. Sourcerock Group LLC acquired a new position in Darling Ingredients in the fourth quarter valued at about $5,054,000. Triglav Skladi D.O.O. bought a new stake in shares of Darling Ingredients in the fourth quarter valued at about $1,453,000. Finally, Tidal Investments LLC raised its holdings in Darling Ingredients by 30.4% during the fourth quarter. Tidal Investments LLC now owns 26,137 shares of the company's stock worth $881,000 after acquiring an additional 6,088 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

DAR stock traded down $0.19 during mid-day trading on Thursday, hitting $30.41. The stock had a trading volume of 1,364,584 shares, compared to its average volume of 2,159,879. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The firm has a market capitalization of $4.81 billion, a P/E ratio of 17.58 and a beta of 1.25. The firm has a fifty day simple moving average of $31.64 and a 200 day simple moving average of $34.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last released 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 net margin of 4.88% and a return on equity of 6.04%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $0.50 earnings per share. Darling Ingredients's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. TD Cowen decreased their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Citigroup decreased their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Robert W. Baird decreased their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Darling Ingredients 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.