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

New York State Teachers Retirement System trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent Form 13F 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients during the 4th quarter worth about $25,000. UMB Bank n.a. boosted its position in Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after acquiring an additional 1,373 shares during the period. GAMMA Investing LLC boosted its position in Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after acquiring an additional 1,038 shares during the period. Spire Wealth Management boosted its position in Darling Ingredients by 19.8% during the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after acquiring an additional 468 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Darling Ingredients during the 4th quarter worth about $109,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAR has been the topic of a number of recent analyst reports. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Citigroup lowered their price target 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. TD Cowen lowered their price target 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. Finally, Robert W. Baird reduced their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Trading Up 3.1%

NYSE DAR traded up $1.15 during trading on Thursday, reaching $38.25. 2,428,046 shares of the stock traded hands, compared to its average volume of 2,249,233. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 35.75 and a beta of 1.23. The stock's 50-day moving average price is $34.80 and its 200 day moving average price is $34.11. 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 fifty-two week low of $26.00 and a fifty-two week high of $43.49.

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

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.