New York State Teachers Retirement System Reduces Position in Darling Ingredients Inc. (NYSE:DAR)

New York State Teachers Retirement System cut its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,579 shares of the company's stock after selling 23,442 shares during the period. New York State Teachers Retirement System owned about 0.12% of Darling Ingredients worth $9,399,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. IFP Advisors Inc boosted its position in shares of Darling Ingredients by 38.9% in the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company's stock worth $44,000 after purchasing an additional 193 shares during the last quarter. Advisor Partners II LLC increased its position in shares of Darling Ingredients by 7.1% during the 4th quarter. Advisor Partners II LLC now owns 3,329 shares of the company's stock worth $208,000 after purchasing an additional 220 shares during the last quarter. Outlook Wealth Advisors LLC increased its position in shares of Darling Ingredients by 2.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 10,722 shares of the company's stock worth $560,000 after purchasing an additional 243 shares during the last quarter. Xponance Inc. increased its position in shares of Darling Ingredients by 1.3% during the 3rd quarter. Xponance Inc. now owns 19,806 shares of the company's stock worth $1,034,000 after purchasing an additional 250 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Darling Ingredients by 5.0% during the 2nd quarter. CIBC Asset Management Inc now owns 5,558 shares of the company's stock worth $355,000 after purchasing an additional 265 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel bought 8,000 shares of the stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DAR shares. Stifel Nicolaus reduced their target price on Darling Ingredients from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday. Citigroup boosted their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. Scotiabank reduced their price target on Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday. Stephens reduced their price target on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. Finally, BMO Capital Markets reduced their price target on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $73.82.

Darling Ingredients Price Performance

NYSE DAR traded down $2.16 during midday trading on Thursday, hitting $45.43. The company had a trading volume of 2,089,098 shares, compared to its average volume of 2,068,110. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a market capitalization of $7.26 billion, a PE ratio of 11.41 and a beta of 1.29. The firm has a 50-day moving average price of $43.78 and a 200-day moving average price of $45.10.

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

About Darling Ingredients

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.