Nisa Investment Advisors LLC Trims Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Nisa Investment Advisors LLC cut its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,725 shares of the company’s stock after selling 5,078 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Darling Ingredients were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DAR. Moneta Group Investment Advisors LLC increased its stake in Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock worth $479,659,000 after acquiring an additional 7,656,389 shares during the last quarter. Norges Bank acquired a new stake in Darling Ingredients during the fourth quarter worth about $135,362,000. Triodos Investment Management BV acquired a new stake in Darling Ingredients during the third quarter worth about $34,698,000. Schonfeld Strategic Advisors LLC increased its stake in Darling Ingredients by 2,618.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock worth $25,519,000 after acquiring an additional 470,886 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in Darling Ingredients by 10.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock worth $248,256,000 after acquiring an additional 446,483 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.26% of the stock is owned by insiders.

Darling Ingredients Price Performance

DAR stock opened at $42.38 on Wednesday. Darling Ingredients Inc. has a 1 year low of $38.97 and a 1 year high of $71.60. The stock has a 50-day simple moving average of $43.84 and a 200-day simple moving average of $44.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The firm has a market cap of $6.77 billion, a P/E ratio of 10.65 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. On average, equities analysts predict that Darling Ingredients Inc. will post 3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Scotiabank dropped their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. BMO Capital Markets dropped their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Stifel Nicolaus dropped their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Citigroup increased their target price on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Stephens lowered their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Darling Ingredients 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.