Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 34.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 402,026 shares of the company's stock after selling 209,326 shares during the quarter. Nuveen Asset Management LLC owned about 0.25% of Darling Ingredients worth $13,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sycomore Asset Management lifted its position in Darling Ingredients by 101.2% during the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after buying an additional 65,444 shares during the period. KBC Group NV raised its position in shares of Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after purchasing an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new stake in Darling Ingredients in the 4th quarter worth about $735,000. Raymond James Financial Inc. bought a new stake in Darling Ingredients in the 4th quarter worth about $13,769,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Darling Ingredients by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 55,501 shares of the company's stock valued at $1,870,000 after purchasing an additional 11,021 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Up 0.4%

Darling Ingredients stock traded up $0.11 during midday trading on Friday, reaching $31.24. The company's stock had a trading volume of 2,032,541 shares, compared to its average volume of 2,168,685. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The stock has a market capitalization of $4.94 billion, a P/E ratio of 18.06 and a beta of 1.25. The stock's 50-day simple moving average is $31.70 and its 200-day simple moving average is $34.50.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird dropped their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Citigroup decreased their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Finally, TD Cowen cut their price objective 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

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.