Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 78.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,677 shares of the company’s stock after selling 347,020 shares during the quarter. Candriam S.C.A. owned about 0.06% of Darling Ingredients worth $3,122,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Inceptionr LLC boosted its holdings in shares of Darling Ingredients by 156.7% in the 4th quarter. Inceptionr LLC now owns 26,034 shares of the company’s stock valued at $877,000 after acquiring an additional 15,893 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at $13,769,000. Aigen Investment Management LP purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at $343,000. Proficio Capital Partners LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at $423,000. Finally, M&T Bank Corp boosted its holdings in shares of Darling Ingredients by 3.3% in the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after acquiring an additional 286 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday. Finally, Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $32.24 on Friday. The company’s fifty day moving average price is $36.53 and its 200 day moving average price is $37.42. Darling Ingredients Inc. has a 1 year low of $31.87 and a 1 year high of $48.39. The company has a market capitalization of $5.12 billion, a PE ratio of 18.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.