Invesco Ltd. Sells 144,946 Shares of Darling Ingredients Inc. (NYSE:DAR)

Invesco Ltd. reduced its holdings in Darling Ingredients Inc. (NYSE:DAR) by 19.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 596,287 shares of the company’s stock after selling 144,946 shares during the period. Invesco Ltd. owned approximately 0.37% of Darling Ingredients worth $20,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of 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 period. Norges Bank purchased a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $63,956,000. Assenagon Asset Management S.A. grew its stake in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after buying an additional 1,235,985 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Darling Ingredients by 266.7% during the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company’s stock worth $32,799,000 after acquiring an additional 708,035 shares during the last quarter. Finally, FMR LLC boosted its holdings in Darling Ingredients by 17.9% during the 4th 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 period. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on shares of Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup decreased their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, TD Cowen cut their price target on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.78.

Darling Ingredients Stock Performance

DAR stock opened at $30.71 on Friday. The firm has a 50-day simple moving average of $32.73 and a two-hundred day simple moving average of $35.71. 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 one year low of $26.00 and a one year high of $47.28. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 17.75 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

About Darling Ingredients

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.