Invesco Ltd. Decreases Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Invesco Ltd. lowered its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 596,287 shares of the company's stock after selling 144,946 shares during the period. Invesco Ltd. owned 0.37% of Darling Ingredients worth $20,089,000 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 stock. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB raised its holdings in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after acquiring an additional 721 shares during 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 stake in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after purchasing an additional 712 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of Darling Ingredients in the 4th quarter worth $145,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded down $0.48 during midday trading on Thursday, hitting $29.88. The company had a trading volume of 1,503,727 shares, compared to its average volume of 2,247,058. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 17.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a fifty day moving average of $32.12 and a two-hundred day moving average of $35.59. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.66). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the topic of several recent analyst reports. TD Cowen dropped their price objective on Darling Ingredients from $43.00 to $37.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Stephens reaffirmed an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup decreased their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com cut shares of Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Finally, Robert W. Baird decreased their target price on shares of Darling Ingredients from $51.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and a consensus target price of $50.78.

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.