Lmcg Investments LLC Sells 15,685 Shares of Darling Ingredients Inc. (NYSE:DAR)

Lmcg Investments LLC lowered its stake in Darling Ingredients Inc. (NYSE:DAR) by 34.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,274 shares of the company’s stock after selling 15,685 shares during the period. Lmcg Investments LLC’s holdings in Darling Ingredients were worth $1,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAR. Norges Bank acquired a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $94,650,000. Balyasny Asset Management L.P. acquired a new position in Darling Ingredients in the 4th quarter valued at approximately $92,661,000. Dimensional Fund Advisors LP raised its stake in shares of Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after acquiring an additional 1,800,809 shares during the last quarter. Gates Capital Management Inc. bought a new position in shares of Darling Ingredients during the fourth quarter valued at $88,885,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Darling Ingredients by 24.9% during the first quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock worth $199,028,000 after purchasing an additional 851,886 shares during the period. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several analyst reports. TD Cowen lowered their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, June 12th. Jefferies Financial Group reduced their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Scotiabank lowered their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $60.10.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $35.45 on Wednesday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 10.61 and a beta of 1.24. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $58.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The stock’s 50 day moving average price is $38.12 and its two-hundred day moving average price is $40.49.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Darling Ingredients’s revenue was down 17.2% on a year-over-year basis. On average, equities analysts predict that Darling Ingredients Inc. will post 2.47 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In other news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of $39.37 per share, with a total value of $99,684.84. Following the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.62% of the company’s stock.

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.