Parallel Advisors LLC Sells 1,451 Shares of Darling Ingredients Inc. (NYSE:DAR)

Parallel Advisors LLC trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 49.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,498 shares of the company’s stock after selling 1,451 shares during the period. Parallel Advisors LLC’s holdings in Darling Ingredients were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAR. Vanguard Group Inc. increased its position in shares of Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after buying an additional 203,921 shares during the period. Gates Capital Management Inc. increased its position in shares of Darling Ingredients by 11.4% during the fourth quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock valued at $224,660,000 after buying an additional 682,529 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Darling Ingredients by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock valued at $217,425,000 after buying an additional 791,157 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Darling Ingredients by 148.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock valued at $148,005,000 after buying an additional 2,627,785 shares during the period. Finally, FMR LLC increased its position in shares of Darling Ingredients by 17.9% during the fourth quarter. FMR LLC now owns 3,919,542 shares of the company’s stock valued at $132,049,000 after buying an additional 595,325 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Price Performance

Shares of DAR opened at $30.77 on Monday. The stock has a market cap of $4.87 billion, a PE ratio of 17.78 and a beta of 1.18. 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 fifty-two week low of $26.00 and a fifty-two week high of $43.49. The firm’s 50-day simple moving average is $31.61 and its two-hundred day simple moving average is $34.05.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DAR shares. TD Cowen reduced their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Citigroup cut their price objective on shares of 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 cut their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.