California State Teachers Retirement System Sells 20,989 Shares of Darling Ingredients Inc. (NYSE:DAR)

California State Teachers Retirement System lessened its stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 221,738 shares of the company’s stock after selling 20,989 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Darling Ingredients worth $11,051,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 1,412.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after acquiring an additional 466 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter valued at approximately $29,000. Stone House Investment Management LLC boosted its stake in Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Darling Ingredients during the 3rd quarter valued at approximately $31,000. Finally, Headlands Technologies LLC boosted its stake in Darling Ingredients by 483.8% during the 4th quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock valued at $40,000 after purchasing an additional 658 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 2.3 %

Shares of DAR opened at $37.06 on Friday. Darling Ingredients Inc. has a 1 year low of $36.94 and a 1 year high of $71.60. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The stock has a 50 day simple moving average of $42.95 and a 200-day simple moving average of $44.26. The stock has a market cap of $5.92 billion, a PE ratio of 11.10 and a beta of 1.26.

Darling Ingredients (NYSE:DARGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 20.7% on a year-over-year basis. On average, sell-side analysts predict that Darling Ingredients Inc. will post 2.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased 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. Scotiabank decreased their target price 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. Stifel Nicolaus decreased their target price on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. 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 report on Thursday, February 29th. Finally, Citigroup upped their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $70.80.

Check Out Our Latest Stock Analysis on DAR

About Darling Ingredients

(Free Report)

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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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