Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,827,002 shares of the company's stock after selling 139,710 shares during the quarter. Darling Ingredients makes up approximately 0.9% of Handelsbanken Fonder AB's portfolio, making the stock its 16th largest position. Handelsbanken Fonder AB owned about 2.40% of Darling Ingredients worth $190,738,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates grew its position in 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 buying an additional 422,822 shares during the period. Nordea Investment Management AB grew its position in Darling Ingredients by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 629,795 shares of the company's stock valued at $31,301,000 after buying an additional 35,290 shares during the period. Wellington Management Group LLP grew its position in Darling Ingredients by 4.4% during 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 period. Barclays PLC grew its position in 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 buying an additional 24,379 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in 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 valued at $5,477,000 after buying an additional 39,175 shares during the period. Institutional investors own 94.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Kurt Stoffel purchased 8,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were 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 legal filing with the SEC, which is available at the SEC website. Insiders own 2.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DAR shares. Stephens reduced their price target 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. 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 report on Thursday, April 11th. Citigroup upped their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. Stifel Nicolaus dropped their price objective on shares of Darling Ingredients from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 8th. Finally, 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 report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $72.55.

Darling Ingredients Price Performance

NYSE DAR traded up $1.43 on Friday, reaching $42.61. 2,561,413 shares of the company's stock traded hands, compared to its average volume of 2,115,897. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 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 stock has a 50-day simple moving average of $43.85 and a 200 day simple moving average of $44.64. The stock has a market cap of $6.81 billion, a PE ratio of 10.71 and a beta of 1.29.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. As a group, research analysts predict that Darling Ingredients Inc. will post 3.32 earnings per share 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.