Vontobel Holding Ltd. Has $10.35 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Vontobel Holding Ltd. reduced its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,723 shares of the company's stock after selling 53,259 shares during the period. Vontobel Holding Ltd. owned approximately 0.13% of Darling Ingredients worth $10,353,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Darling Ingredients in the 4th quarter valued at about $29,000. Millburn Ridgefield Corp purchased a new position in Darling Ingredients in the 3rd quarter valued at about $31,000. Catalyst Capital Advisors LLC purchased a new position in Darling Ingredients in the 3rd quarter valued at about $31,000. Exchange Traded Concepts LLC purchased a new position in Darling Ingredients in the 3rd quarter valued at about $38,000. Finally, IFP Advisors Inc boosted its position in Darling Ingredients by 38.9% in the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company's stock valued at $44,000 after buying an additional 193 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DAR. Stephens reduced their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Scotiabank dropped their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 11th. BMO Capital Markets dropped their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, February 29th. Stifel Nicolaus dropped their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 8th. Finally, Citigroup raised their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.82.

Darling Ingredients Trading Down 1.6 %

Darling Ingredients stock traded down $0.67 during midday trading on Wednesday, reaching $41.71. The stock had a trading volume of 2,053,909 shares, compared to its average volume of 2,047,545. The firm's fifty day simple moving average is $43.83 and its two-hundred day simple moving average is $44.78. 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 current ratio of 1.86 and a quick ratio of 1.10. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 10.48 and a beta of 1.29.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Equities analysts anticipate that Darling Ingredients Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

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

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.