Pictet Asset Management Holding SA Sells 97,478 Shares of Darling Ingredients Inc. (NYSE:DAR)

Pictet Asset Management Holding SA decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,293,410 shares of the company’s stock after selling 97,478 shares during the period. Pictet Asset Management Holding SA owned 0.81% of Darling Ingredients worth $43,575,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its stake in Darling Ingredients by 3.3% during the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares in the last quarter. Ironwood Investment Management LLC increased its holdings in shares of Darling Ingredients by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock worth $1,414,000 after buying an additional 297 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after buying an additional 337 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Darling Ingredients by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after buying an additional 406 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE DAR opened at $31.58 on Monday. The company has a market cap of $4.99 billion, a PE ratio of 18.25 and a beta of 1.25. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm’s 50 day moving average price is $35.06 and its 200-day moving average price is $36.46.

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%. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on DAR. Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Finally, Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

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.