Envestnet Asset Management Inc. Has $17.45 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Envestnet Asset Management Inc. reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 517,849 shares of the company’s stock after selling 43,590 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.33% of Darling Ingredients worth $17,446,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DAR. Heck Capital Advisors LLC bought a new stake in Darling Ingredients in the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB raised its stake in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after buying an additional 721 shares during the period. Palouse Capital Management Inc. acquired a new stake in Darling Ingredients in the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. raised its position in shares of Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after purchasing an additional 712 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of Darling Ingredients in the 4th quarter worth $145,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAR has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 4th. Citigroup decreased their price objective on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Robert W. Baird decreased their price target on Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $50.78.

Darling Ingredients Stock Performance

NYSE DAR opened at $29.52 on Wednesday. The company has a market capitalization of $4.67 billion, a P/E ratio of 17.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.28. The company has a fifty day moving average of $33.30 and a 200-day moving average of $35.84.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.