Wright Investors Service Inc. Reduces Holdings in Darling Ingredients Inc. (NYSE:DAR)

Wright Investors Service Inc. reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,496 shares of the company’s stock after selling 11,211 shares during the quarter. Wright Investors Service Inc.’s holdings in Darling Ingredients were worth $423,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DAR. Turtle Creek Wealth Advisors LLC purchased a new stake in Darling Ingredients in the 4th quarter valued at $29,000. Stone House Investment Management LLC grew its holdings in Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in Darling Ingredients in the 3rd quarter valued at $31,000. Catalyst Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at $31,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Darling Ingredients during the 3rd quarter worth $38,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $41.18 on Friday. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60. The company has a market cap of $6.58 billion, a PE ratio of 10.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The business has a 50-day simple moving average of $43.83 and a 200-day simple moving average of $44.75.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. On average, equities research analysts forecast that Darling Ingredients Inc. will post 3.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Scotiabank decreased their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. dropped their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday. Stephens decreased their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, Citigroup lifted their target price on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.55.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.62% of the company’s stock.

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.