New York Life Investment Management LLC Has $892,000 Stake in Darling Ingredients Inc. (NYSE:DAR)

New York Life Investment Management LLC increased its position in Darling Ingredients Inc. (NYSE:DAR) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,901 shares of the company’s stock after buying an additional 426 shares during the quarter. New York Life Investment Management LLC’s holdings in Darling Ingredients were worth $892,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its holdings in shares of Darling Ingredients by 111.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock worth $1,506,000 after purchasing an additional 15,933 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Darling Ingredients by 28.9% in the 4th quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after purchasing an additional 226,134 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Darling Ingredients by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 629,795 shares of the company’s stock worth $31,301,000 after purchasing an additional 35,290 shares in the last quarter. South Dakota Investment Council lifted its stake in Darling Ingredients by 86.3% during the 4th quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock valued at $3,587,000 after acquiring an additional 33,332 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Darling Ingredients by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 758,984 shares of the company’s stock valued at $39,619,000 after acquiring an additional 32,147 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Kurt Stoffel acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was bought at an average price of $41.62 per share, with a total value 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DAR shares. JPMorgan Chase & Co. dropped their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Scotiabank dropped their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Stephens dropped their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Citigroup raised their price objective 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, BMO Capital Markets dropped their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $72.55.

Darling Ingredients Trading Down 0.5 %

NYSE DAR opened at $44.28 on Thursday. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 13.26 and a beta of 1.31. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10. The business’s fifty day moving average is $44.17 and its 200-day moving average is $44.44.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $1.16 EPS. The company’s revenue was down 20.7% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients Inc. will post 3.08 EPS for the current year.

About Darling Ingredients

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.