Mackenzie Financial Corp Has $1.20 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Mackenzie Financial Corp decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 37.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,031 shares of the company’s stock after selling 14,462 shares during the period. Mackenzie Financial Corp’s holdings in Darling Ingredients were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. Millburn Ridgefield Corp acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $31,000. Catalyst Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $31,000. Exchange Traded Concepts LLC acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $38,000. Finally, Planned Solutions Inc. bought a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $43.13 on Thursday. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 10.85 and a beta of 1.29. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The stock has a fifty day simple moving average of $43.89 and a 200 day simple moving average of $44.58. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last posted 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). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Sell-side analysts expect that Darling Ingredients Inc. will post 3.32 EPS for the current year.

Insiders Place Their Bets

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the acquisition, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.26% of the company’s stock.

Wall Street Analyst Weigh In

DAR has been the subject of several recent research reports. BMO Capital Markets cut 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. Citigroup boosted their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. cut their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus cut their target price 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. Finally, Stephens cut 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 assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.55.

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.