Teza Capital Management LLC Sells 21,583 Shares of Darling Ingredients Inc. (NYSE:DAR)

Teza Capital Management LLC lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 59.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,667 shares of the company's stock after selling 21,583 shares during the period. Teza Capital Management LLC's holdings in Darling Ingredients were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares in the last quarter. Palouse Capital Management Inc. bought a new position in Darling Ingredients in the 4th quarter valued at approximately $86,000. First Horizon Advisors Inc. boosted its position in Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Darling Ingredients during the fourth quarter worth $109,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on DAR shares. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup decreased their price target 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. Stephens reaffirmed an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Robert W. Baird reduced their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average price target of $50.33.

Darling Ingredients Stock Down 3.0%

DAR stock opened at $34.19 on Tuesday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.55. The firm has a market capitalization of $5.41 billion, a PE ratio of 19.76 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $31.32 and a two-hundred day simple moving average of $35.03.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The business 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 6.04% and a net margin of 4.88%. Darling Ingredients's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.

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