Darling Ingredients Inc. (NYSE:DAR) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,939 shares of the company’s stock after selling 1,553 shares during the quarter. HighTower Advisors LLC’s holdings in Darling Ingredients were worth $2,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DAR. Bank of New York Mellon Corp increased its holdings in shares of Darling Ingredients by 33.0% during the third quarter. Bank of New York Mellon Corp now owns 2,318,315 shares of the company’s stock valued at $153,356,000 after acquiring an additional 575,661 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Darling Ingredients by 392.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 524,212 shares of the company’s stock valued at $32,810,000 after buying an additional 417,702 shares during the last quarter. BlackRock Inc. boosted its position in Darling Ingredients by 2.1% in the third quarter. BlackRock Inc. now owns 17,798,386 shares of the company’s stock valued at $1,177,364,000 after buying an additional 369,517 shares during the last quarter. Premier Fund Managers Ltd boosted its position in Darling Ingredients by 6,416.4% in the fourth quarter. Premier Fund Managers Ltd now owns 370,000 shares of the company’s stock valued at $9,676,000 after buying an additional 364,322 shares during the last quarter. Finally, Pictet Asset Management SA boosted its position in Darling Ingredients by 21.9% in the third quarter. Pictet Asset Management SA now owns 1,983,608 shares of the company’s stock valued at $130,058,000 after buying an additional 356,442 shares during the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.

Darling Ingredients Stock Down 0.2 %

Shares of DAR opened at $64.66 on Tuesday. Darling Ingredients Inc. has a 52-week low of $51.77 and a 52-week high of $87.59. The company has a market capitalization of $10.32 billion, a PE ratio of 14.37 and a beta of 1.23. The stock has a fifty day simple moving average of $58.32 and a two-hundred day simple moving average of $63.34. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 1.11.

Darling Ingredients (NYSE:DAR – Get Rating) last issued its quarterly earnings data on Monday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.20). The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.80 billion. Darling Ingredients had a return on equity of 19.99% and a net margin of 10.57%. As a group, equities analysts forecast that Darling Ingredients Inc. will post 5.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DAR shares. UBS Group upped their target price on Darling Ingredients from $82.00 to $85.00 in a research report on Monday, May 15th. Jefferies Financial Group dropped their target price on Darling Ingredients from $95.00 to $85.00 in a research report on Monday, May 15th. Stephens restated an “equal weight” rating and issued a $75.00 price objective on shares of Darling Ingredients in a research report on Tuesday, February 28th. Robert W. Baird lowered their price objective on Darling Ingredients from $108.00 to $106.00 and set an “outperform” rating on the stock in a research report on Thursday, April 13th. Finally, BMO Capital Markets increased their target price on Darling Ingredients from $80.00 to $85.00 in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $90.08.

Insider Buying and Selling

In other news, Director Charles L. Adair bought 500 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average cost of $54.15 per share, for a total transaction of $27,075.00. Following the acquisition, the director now directly owns 36,551 shares of the company’s stock, valued at approximately $1,979,236.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charles L. Adair acquired 500 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was acquired at an average price of $54.15 per share, for a total transaction of $27,075.00. Following the purchase, the director now owns 36,551 shares of the company’s stock, valued at approximately $1,979,236.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Patrick Mcnutt acquired 900 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was bought at an average price of $54.07 per share, with a total value of $48,663.00. Following the purchase, the executive vice president now directly owns 12,287 shares in the company, valued at approximately $664,358.09. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,400 shares of company stock valued at $266,958. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Profile

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.