Geode Capital Management LLC Has $92.03 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Geode Capital Management LLC cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,730,742 shares of the company’s stock after selling 8,879 shares during the quarter. Geode Capital Management LLC’s holdings in Darling Ingredients were worth $92,028,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. M&T Bank Corp lifted its position in Darling Ingredients by 3.3% during the 4th 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 during the period. Ironwood Investment Management LLC raised its stake in shares of Darling Ingredients by 0.7% during the fourth 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 lifted its holdings in Darling Ingredients by 5.8% in the fourth 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 during the period. Metis Global Partners LLC boosted its stake in Darling Ingredients by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after acquiring an additional 406 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of Darling Ingredients by 7.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company’s stock valued at $311,000 after acquiring an additional 564 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the topic of several recent research reports. Citigroup reduced their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. TD Cowen reduced their target price on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, April 4th. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Finally, Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Darling Ingredients Price Performance

Shares of DAR opened at $28.69 on Friday. 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 has a market capitalization of $4.54 billion, a PE ratio of 16.58 and a beta of 1.19. The stock has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $36.00. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.93.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (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%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.