State of Alaska Department of Revenue Decreases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

State of Alaska Department of Revenue trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,230 shares of the company’s stock after selling 1,725 shares during the quarter. State of Alaska Department of Revenue’s holdings in Darling Ingredients were worth $858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IFP Advisors Inc increased its position in Darling Ingredients by 38.9% in the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock worth $44,000 after buying an additional 193 shares during the last quarter. Advisor Partners II LLC lifted its stake in Darling Ingredients by 7.1% during the fourth quarter. Advisor Partners II LLC now owns 3,329 shares of the company’s stock worth $208,000 after purchasing an additional 220 shares during the last quarter. Outlook Wealth Advisors LLC lifted its stake in Darling Ingredients by 2.3% during the third quarter. Outlook Wealth Advisors LLC now owns 10,722 shares of the company’s stock worth $560,000 after purchasing an additional 243 shares during the last quarter. Xponance Inc. lifted its stake in Darling Ingredients by 1.3% during the third quarter. Xponance Inc. now owns 19,806 shares of the company’s stock worth $1,034,000 after purchasing an additional 250 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Darling Ingredients by 5.0% in the second quarter. CIBC Asset Management Inc now owns 5,558 shares of the company’s stock worth $355,000 after buying an additional 265 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DAR. Stifel Nicolaus dropped their target price on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday. Stephens dropped their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Citigroup lifted their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets dropped their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Darling Ingredients Trading Down 0.4 %

NYSE:DAR opened at $47.60 on Thursday. The company has a 50-day moving average price of $43.74 and a 200-day moving average price of $45.09. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 11.96 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Equities analysts predict that Darling Ingredients Inc. will post 3.61 EPS for the current 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.