Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,624 shares of the company’s stock after selling 8,123 shares during the period. Ameriprise Financial Inc. owned approximately 0.12% of Darling Ingredients worth $6,220,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DAR. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB grew its holdings in Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares during the period. Palouse Capital Management Inc. acquired a new position in Darling Ingredients during the fourth quarter worth about $86,000. First Horizon Advisors Inc. grew its holdings in 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 acquiring an additional 712 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in Darling Ingredients during the fourth quarter worth about $109,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Trading Down 0.5%

NYSE:DAR opened at $31.54 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The stock’s 50-day moving average is $31.55 and its two-hundred day moving average is $34.88. The stock has a market cap of $4.99 billion, a PE ratio of 18.23 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.50 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DAR shares. Wall Street Zen raised Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Citigroup lowered their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Robert W. Baird lowered their target price on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

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.