Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,551 shares of the company’s stock after selling 10,000 shares during the period. Van ECK Associates Corp owned about 0.25% of Darling Ingredients worth $13,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DAR. Algert Global LLC grew its stake in Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after purchasing an additional 75,540 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Darling Ingredients by 23.2% during the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock worth $4,010,000 after buying an additional 20,323 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Darling Ingredients during the third quarter worth approximately $30,545,000. Sycomore Asset Management raised its holdings in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after acquiring an additional 65,444 shares in the last quarter. Finally, KBC Group NV lifted its stake in Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after acquiring an additional 66,966 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

DAR stock opened at $40.90 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $6.50 billion, a P/E ratio of 23.64 and a beta of 1.21. The business has a 50 day simple moving average of $35.83 and a 200-day simple moving average of $37.54. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.79 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup decreased their target price on 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 analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.22.

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.