New York State Teachers Retirement System Sells 16,200 Shares of Darling Ingredients Inc. (NYSE:DAR)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after acquiring an additional 2,627,785 shares during the last quarter. Norges Bank bought a new position in shares of Darling Ingredients in the fourth quarter worth about $63,956,000. Dimensional Fund Advisors LP raised its stake in shares of Darling Ingredients by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after acquiring an additional 791,157 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Darling Ingredients by 266.7% during the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after buying an additional 708,035 shares during the period. Finally, Gates Capital Management Inc. raised its stake in shares of Darling Ingredients by 11.4% during the fourth quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after buying an additional 682,529 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Down 4.1%

NYSE DAR traded down $1.62 during mid-day trading on Monday, hitting $37.83. The company's stock had a trading volume of 1,964,381 shares, compared to its average volume of 2,242,582. The company's 50 day simple moving average is $34.47 and its 200 day simple moving average is $34.03. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 35.36 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly 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 net margin of 3.02% and a return on equity of 3.78%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $0.50 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DAR. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. TD Cowen reduced 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. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday. Finally, Robert W. Baird reduced their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" 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 company. According to data from MarketBeat.com, the company currently has an average 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.