Mirova Sells 14,874 Shares of Darling Ingredients Inc. (NYSE:DAR)

Mirova lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 89.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,808 shares of the company's stock after selling 14,874 shares during the quarter. Mirova's holdings in Darling Ingredients were worth $61,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after acquiring an additional 203,921 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Darling Ingredients by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock worth $217,425,000 after buying an additional 791,157 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 148.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after acquiring an additional 2,627,785 shares during the last quarter. FMR LLC increased its stake in shares of Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company's stock valued at $132,049,000 after buying an additional 595,325 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Darling Ingredients by 19.2% during the fourth quarter. Schroder Investment Management Group now owns 2,425,277 shares of the company's stock valued at $80,034,000 after acquiring an additional 389,980 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. 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 note on Friday. StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Stephens reaffirmed an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup lowered their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Robert W. Baird cut their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients presently has an average rating of "Moderate Buy" and an average price target of $50.33.

Darling Ingredients Stock Up 4.0 %

DAR stock traded up $1.21 during trading on Friday, reaching $31.66. 2,025,227 shares of the stock were exchanged, compared to its average volume of 2,257,745. The firm's 50 day moving average is $31.92 and its 200 day moving average is $35.54. The firm has a market cap of $5.01 billion, a P/E ratio of 18.28 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current 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.