Tredje AP fonden Decreases Position in Darling Ingredients Inc. (NYSE:DAR)

Tredje AP fonden decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 490,664 shares of the company’s stock after selling 10,822 shares during the quarter. Tredje AP fonden owned approximately 0.31% of Darling Ingredients worth $16,530,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Swiss National Bank increased its position in shares of Darling Ingredients by 0.3% in the fourth quarter. Swiss National Bank now owns 312,800 shares of the company’s stock valued at $10,538,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Darling Ingredients by 17.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,953 shares of the company’s stock valued at $2,256,000 after acquiring an additional 9,855 shares during the period. OFI Invest Asset Management purchased a new position in shares of Darling Ingredients in the fourth quarter valued at about $1,509,000. Barings LLC increased its position in shares of Darling Ingredients by 98.2% in the fourth quarter. Barings LLC now owns 149,874 shares of the company’s stock valued at $5,049,000 after acquiring an additional 74,260 shares during the period. Finally, Amundi increased its position in shares of Darling Ingredients by 3.1% in the fourth quarter. Amundi now owns 596,195 shares of the company’s stock valued at $20,070,000 after acquiring an additional 18,005 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 4.1 %

NYSE:DAR opened at $29.57 on Thursday. Darling Ingredients Inc. has a one year low of $29.49 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company’s 50-day simple moving average is $36.43 and its 200 day simple moving average is $37.28. The firm has a market capitalization of $4.70 billion, a P/E ratio of 17.09 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping 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%. As a group, analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the topic of a number of analyst reports. Stephens restated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Citigroup reduced 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 report on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.