Darling Ingredients Inc. (NYSE:DAR) Position Reduced by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 20.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 207,723 shares of the company’s stock after selling 53,259 shares during the quarter. Vontobel Holding Ltd.’s holdings in Darling Ingredients were worth $10,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Raymond James & Associates grew its position in Darling Ingredients by 106.9% in the third quarter. Raymond James & Associates now owns 818,468 shares of the company’s stock worth $42,724,000 after buying an additional 422,822 shares during the last quarter. Nordea Investment Management AB grew its position in Darling Ingredients by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 629,795 shares of the company’s stock worth $31,301,000 after buying an additional 35,290 shares during the last quarter. Wellington Management Group LLP grew its position in Darling Ingredients by 4.4% in the third quarter. Wellington Management Group LLP now owns 758,984 shares of the company’s stock worth $39,619,000 after buying an additional 32,147 shares during the last quarter. Barclays PLC grew its position in Darling Ingredients by 14.2% in the third quarter. Barclays PLC now owns 195,499 shares of the company’s stock worth $10,203,000 after buying an additional 24,379 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Darling Ingredients by 5.6% in the third quarter. Victory Capital Management Inc. now owns 229,521 shares of the company’s stock worth $11,981,000 after buying an additional 12,195 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.8 %

Darling Ingredients stock opened at $42.38 on Wednesday. The company’s fifty day simple moving average is $43.84 and its 200-day simple moving average is $44.80. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The stock has a market cap of $6.77 billion, a P/E ratio of 10.65 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of Darling Ingredients stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, with a total value of $332,960.00. Following the purchase, the director now owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup lifted their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets lowered their price objective 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. Stifel Nicolaus lowered their price objective on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Stephens lowered their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, Scotiabank lowered 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 research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

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.