Cibc World Markets Corp Trims Holdings in Darling Ingredients Inc. (NYSE:DAR)

Cibc World Markets Corp cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 71.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company’s stock after selling 250,000 shares during the quarter. Cibc World Markets Corp owned approximately 0.06% of Darling Ingredients worth $3,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock worth $199,096,000 after purchasing an additional 289,407 shares in the last quarter. FMR LLC boosted its stake in Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after purchasing an additional 491,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in Darling Ingredients by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock worth $101,830,000 after purchasing an additional 36,618 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares in the last quarter. Finally, Southernsun Asset Management LLC boosted its stake in Darling Ingredients by 11.6% in the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock worth $55,274,000 after purchasing an additional 154,038 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAR. Citigroup dropped their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Price Performance

NYSE DAR opened at $30.42 on Friday. Darling Ingredients Inc. has a 52 week low of $27.20 and a 52 week high of $48.39. The firm has a market capitalization of $4.83 billion, a P/E ratio of 17.58 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $35.79 and a 200-day moving average price of $36.76.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 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%. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 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.