Darling Ingredients Inc. $DAR Stock Holdings Lowered by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 34.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 973,037 shares of the company’s stock after selling 506,332 shares during the period. American Century Companies Inc. owned about 0.62% of Darling Ingredients worth $36,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Sfmg LLC bought a new stake in shares of Darling Ingredients in the 2nd quarter valued at approximately $633,000. Legal & General Group Plc raised its position in shares of Darling Ingredients by 1.8% during the second quarter. Legal & General Group Plc now owns 253,591 shares of the company’s stock valued at $9,621,000 after buying an additional 4,515 shares during the last quarter. ABN AMRO Bank N.V. bought a new stake in shares of Darling Ingredients in the 2nd quarter worth approximately $6,137,000. Handelsbanken Fonder AB boosted its stake in Darling Ingredients by 11.5% during the second quarter. Handelsbanken Fonder AB now owns 1,027,470 shares of the company’s stock worth $38,982,000 after buying an additional 105,669 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Darling Ingredients by 2.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 175,235 shares of the company’s stock worth $6,648,000 after acquiring an additional 4,564 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DAR. Bank of America started coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Zacks Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Finally, UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average price target of $44.11.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $36.61 on Friday. The stock has a market capitalization of $5.79 billion, a P/E ratio of 54.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $42.15. The stock has a fifty day moving average of $32.69 and a 200-day moving average of $33.52.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients 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.