M&T Bank Corp Has $236,000 Holdings in Darling Ingredients Inc. (NYSE:DAR)

M&T Bank Corp lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 16.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,537 shares of the company’s stock after selling 1,450 shares during the quarter. M&T Bank Corp’s holdings in Darling Ingredients were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Darling Ingredients by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after acquiring an additional 203,921 shares during the last quarter. Gates Capital Management Inc. grew its position in Darling Ingredients by 11.4% in the fourth quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock valued at $224,660,000 after acquiring an additional 682,529 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock valued at $217,425,000 after acquiring an additional 791,157 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 148.9% in 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 acquiring an additional 2,627,785 shares during the last quarter. Finally, FMR LLC grew its position in Darling Ingredients by 17.9% in the fourth quarter. FMR LLC now owns 3,919,542 shares of the company’s stock valued at $132,049,000 after acquiring an additional 595,325 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DAR shares. Citigroup decreased their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Tudor Pickering upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Robert W. Baird decreased their target price on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, TD Cowen reduced their price target on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $46.14.

Darling Ingredients Stock Performance

NYSE:DAR opened at $35.85 on Friday. The stock has a market cap of $5.67 billion, a P/E ratio of 33.50 and a beta of 1.23. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $35.28 and its 200-day moving average is $34.26. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $43.49.

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 analysts’ consensus estimates of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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.