Daiwa Securities Group Inc. Has $7.08 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Daiwa Securities Group Inc. reduced its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,100 shares of the company's stock after selling 54,400 shares during the period. Daiwa Securities Group Inc. owned about 0.09% of Darling Ingredients worth $7,082,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DAR. Raymond James & Associates grew its holdings in shares of Darling Ingredients by 106.9% during the third quarter. Raymond James & Associates now owns 818,468 shares of the company's stock valued at $42,724,000 after purchasing an additional 422,822 shares during the last quarter. Nordea Investment Management AB increased its position in Darling Ingredients by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 629,795 shares of the company's stock worth $31,301,000 after buying an additional 35,290 shares during the period. Wellington Management Group LLP lifted its stake in Darling Ingredients by 4.4% in the third quarter. Wellington Management Group LLP now owns 758,984 shares of the company's stock valued at $39,619,000 after buying an additional 32,147 shares during the last quarter. Barclays PLC boosted its holdings in shares of Darling Ingredients by 14.2% during the third quarter. Barclays PLC now owns 195,499 shares of the company's stock valued at $10,203,000 after acquiring an additional 24,379 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Darling Ingredients by 55.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 109,883 shares of the company's stock worth $5,477,000 after acquiring an additional 39,175 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Kurt Stoffel bought 8,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares of the company's stock, valued at $439,965.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Price Performance

NYSE:DAR traded up $1.44 during mid-day trading on Friday, reaching $42.62. 2,561,413 shares of the stock were exchanged, compared to its average volume of 2,061,869. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $43.85 and a 200 day moving average price of $44.69. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60. The firm has a market capitalization of $6.81 billion, a PE ratio of 10.71 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 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. Research analysts expect that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DAR. BMO Capital Markets reduced 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 note on Thursday, February 29th. Scotiabank decreased their price objective on Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday, April 11th. Stifel Nicolaus lowered their target price on Darling Ingredients from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, April 8th. JPMorgan Chase & Co. reduced their price target on Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Stephens lowered their price target on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and an average target price of $72.55.

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.