Impax Asset Management Group plc Has $188.22 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Impax Asset Management Group plc lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,792,091 shares of the company's stock after selling 167,507 shares during the period. Impax Asset Management Group plc owned 2.38% of Darling Ingredients worth $188,219,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at about $29,000. Allspring Global Investments Holdings LLC grew its position in shares of Darling Ingredients by 39.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,946 shares of the company's stock valued at $4,483,000 after buying an additional 25,298 shares during the last quarter. Cubic Asset Management LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at about $234,000. Asset Management One Co. Ltd. grew its position in shares of Darling Ingredients by 16.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,577 shares of the company's stock valued at $3,795,000 after buying an additional 10,698 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Darling Ingredients by 0.7% in the 4th quarter. Arizona State Retirement System now owns 43,834 shares of the company's stock worth $2,185,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday. Citigroup upped their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. Stephens decreased their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. Finally, BMO Capital Markets decreased their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.50.

Insider Buying and Selling

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of Darling Ingredients stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares of the company's stock, valued at approximately $439,965.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.26% of the stock is currently owned by insiders.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded up $1.53 during trading on Tuesday, reaching $47.79. The company had a trading volume of 3,442,638 shares, compared to its average volume of 2,038,908. The firm's fifty day moving average is $43.66 and its 200 day moving average is $45.08. The firm has a market capitalization of $7.64 billion, a PE ratio of 12.01 and a beta of 1.29. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.12). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. On average, equities analysts forecast that Darling Ingredients Inc. will post 3.61 EPS for the current year.

Darling Ingredients 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.