SG Americas Securities LLC Decreases Holdings in Darling Ingredients Inc. (NYSE:DAR)

SG Americas Securities LLC reduced its stake in Darling Ingredients Inc. (NYSE:DARGet Rating) by 94.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,611 shares of the company’s stock after selling 126,111 shares during the period. SG Americas Securities LLC’s holdings in Darling Ingredients were worth $503,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ronald Blue Trust Inc. purchased a new position in Darling Ingredients in the 2nd quarter worth approximately $44,000. American National Bank purchased a new position in Darling Ingredients in the 3rd quarter worth approximately $41,000. Dark Forest Capital Management LP purchased a new position in Darling Ingredients in the 2nd quarter worth approximately $41,000. Lindbrook Capital LLC increased its stake in Darling Ingredients by 228.1% in the 2nd quarter. Lindbrook Capital LLC now owns 725 shares of the company’s stock worth $43,000 after purchasing an additional 504 shares during the period. Finally, Assetmark Inc. increased its stake in Darling Ingredients by 156.7% in the 2nd quarter. Assetmark Inc. now owns 752 shares of the company’s stock worth $45,000 after purchasing an additional 459 shares during the period. 90.90% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 2.5 %

NYSE DAR opened at $64.59 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.88. Darling Ingredients Inc. has a twelve month low of $55.71 and a twelve month high of $87.59. The firm has a market capitalization of $10.35 billion, a PE ratio of 14.42 and a beta of 1.25. The stock’s 50 day moving average is $64.94 and its 200 day moving average is $69.82.

Darling Ingredients (NYSE:DARGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.22). Darling Ingredients had a net margin of 12.13% and a return on equity of 21.15%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Research analysts forecast that Darling Ingredients Inc. will post 5.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DAR shares. Cowen decreased their price target on Darling Ingredients from $79.00 to $73.00 in a research note on Tuesday, January 10th. UBS Group started coverage on Darling Ingredients in a research report on Tuesday, December 13th. They issued a “buy” rating and a $91.00 price objective on the stock. StockNews.com started coverage on Darling Ingredients in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Stifel Nicolaus lifted their price objective on Darling Ingredients from $102.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 20th. Finally, Raymond James cut their price objective on Darling Ingredients from $105.00 to $100.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 20th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.

About Darling Ingredients

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Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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