Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 54.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,313 shares of the company's stock after selling 429,875 shares during the quarter. Marshall Wace LLP owned about 0.23% of Darling Ingredients worth $12,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sycomore Asset Management boosted its position in shares of Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after purchasing an additional 65,444 shares during the period. KBC Group NV grew its position in shares of Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after acquiring an additional 66,966 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $735,000. Assenagon Asset Management S.A. raised its position in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Darling Ingredients during the 4th quarter worth $13,769,000. 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 research reports. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday. Robert W. Baird dropped 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. TD Cowen lowered their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday. Finally, Citigroup cut their price target 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.33.

Darling Ingredients Price Performance

DAR traded up $1.53 during midday trading on Friday, reaching $31.98. 3,456,962 shares of the company's stock were exchanged, compared to its average volume of 2,250,019. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $47.28. The stock has a market capitalization of $5.06 billion, a PE ratio of 18.49 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 business's 50-day moving average price is $31.72 and its 200 day moving average price is $35.50.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $1.38 billion during 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%. As a group, equities analysts anticipate 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.