Darling Ingredients Inc. (NYSE:DAR) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,099 shares of the company’s stock after selling 2,563 shares during the period. CIBC Private Wealth Group LLC owned 0.08% of Darling Ingredients worth $4,244,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DAR. Charles Schwab Investment Management Inc. boosted its position in shares of Darling Ingredients by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,080,056 shares of the company’s stock valued at $40,135,000 after acquiring an additional 25,734 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Darling Ingredients by 127.7% in the 3rd quarter. Bank of Montreal Can now owns 112,252 shares of the company’s stock valued at $4,239,000 after acquiring an additional 62,958 shares during the period. FMR LLC lifted its holdings in shares of 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 acquiring an additional 491,477 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Darling Ingredients by 52.4% during the 3rd quarter. Townsquare Capital LLC now owns 12,395 shares of the company’s stock worth $461,000 after purchasing an additional 4,261 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in 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 purchasing an additional 412 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Trading Up 3.3 %

DAR opened at $32.28 on Wednesday. The business has a fifty day moving average price of $34.89 and a 200 day moving average price of $36.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 12 month low of $27.20 and a 12 month high of $48.39. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 18.66 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAR has been the subject of several research analyst reports. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.75.

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.