Darling Ingredients Inc. (NYSE:DAR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,928 shares of the company's stock after selling 16,200 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Darling Ingredients worth $4,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Darling Ingredients during the 4th quarter valued at about $423,000. Charles Schwab Investment Management Inc. boosted its position in shares of Darling Ingredients by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,099,399 shares of the company's stock worth $37,039,000 after buying an additional 19,343 shares during the period. Atria Investments Inc lifted its position in shares of Darling Ingredients by 9.1% in the fourth quarter. Atria Investments Inc now owns 24,384 shares of the company's stock worth $821,000 after purchasing an additional 2,039 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Darling Ingredients by 3.3% during the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after buying an additional 286 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Darling Ingredients during the 4th quarter worth approximately $343,000. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DAR shares. Citigroup cut their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. TD Cowen cut their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Two research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock traded down $0.13 during trading hours on Tuesday, reaching $37.72. 2,703,604 shares of the stock traded hands, compared to its average volume of 2,244,420. The company has a 50 day moving average price of $34.59 and a 200 day moving average price of $34.06. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 35.25 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49.

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 firm had revenue of $1.38 billion during 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%. Darling Ingredients's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.