Darling Ingredients Inc. (NYSE:DAR) Stake Lessened by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 99,904 shares of the company’s stock after selling 4,730 shares during the quarter. Amalgamated Bank’s holdings in Darling Ingredients were worth $4,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its holdings in shares of Darling Ingredients by 111.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock worth $1,506,000 after purchasing an additional 15,933 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Darling Ingredients by 28.9% in the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock valued at $50,250,000 after purchasing an additional 226,134 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of 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. South Dakota Investment Council grew its holdings in shares of Darling Ingredients by 86.3% during the fourth quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock valued at $3,587,000 after buying an additional 33,332 shares in the last quarter. Finally, Wellington Management Group LLP raised 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. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 2.8 %

DAR opened at $44.52 on Wednesday. The company has a market capitalization of $7.11 billion, a P/E ratio of 13.33 and a beta of 1.31. 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 firm’s fifty day moving average price is $44.10 and its two-hundred day moving average price is $44.44. 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) last posted its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The business’s revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. On average, analysts anticipate that Darling Ingredients Inc. will post 3.08 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the topic of several research analyst reports. 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 note on Monday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Stephens decreased their target price on shares of 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. BMO Capital Markets dropped their price target 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. Finally, Citigroup boosted their target price on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients 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.