Van ECK Associates Corp Has $22.13 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Van ECK Associates Corp trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,095 shares of the company's stock after selling 36,274 shares during the period. Van ECK Associates Corp owned about 0.28% of Darling Ingredients worth $22,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AE Wealth Management LLC grew its stake in Darling Ingredients by 8.3% in the 3rd quarter. AE Wealth Management LLC now owns 6,256 shares of the company's stock valued at $327,000 after acquiring an additional 478 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Darling Ingredients during the 3rd quarter worth approximately $38,000. Asset Management One Co. Ltd. lifted its stake in Darling Ingredients by 4.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 64,879 shares of the company's stock valued at $3,387,000 after buying an additional 2,616 shares in the last quarter. Xponance Inc. grew its holdings in Darling Ingredients by 1.3% during the 3rd quarter. Xponance Inc. now owns 19,806 shares of the company's stock valued at $1,034,000 after buying an additional 250 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its position in Darling Ingredients by 1.0% during the third quarter. FinTrust Capital Advisors LLC now owns 36,431 shares of the company's stock worth $1,902,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 17th. Scotiabank lowered their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday, April 11th. Stephens reduced their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 24th. Citigroup boosted their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets decreased their price objective on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. One 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.55.

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the company's stock in a transaction on Thursday, February 29th. The shares were bought at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the acquisition, 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 can be accessed through this link. Insiders own 2.26% of the company's stock.

Darling Ingredients Trading Down 0.9 %

DAR stock traded down $0.39 during midday trading on Wednesday, reaching $41.98. 1,886,595 shares of the company's stock traded hands, compared to its average volume of 2,104,492. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10. The company has a market capitalization of $6.71 billion, a P/E ratio of 12.57 and a beta of 1.29. The business has a 50-day moving average price of $44.04 and a two-hundred day moving average price of $44.50. Darling Ingredients Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $71.60.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The company's revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Equities research analysts forecast that Darling Ingredients Inc. will post 3.11 EPS 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.