Townsquare Capital LLC Decreases Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Townsquare Capital LLC lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 38.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,615 shares of the company’s stock after selling 4,780 shares during the period. Townsquare Capital LLC’s holdings in Darling Ingredients were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Sycomore Asset Management boosted its stake in Darling Ingredients by 101.2% during the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after buying an additional 65,444 shares during the last quarter. KBC Group NV boosted its position in shares of Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after acquiring an additional 66,966 shares during the last quarter. AXQ Capital LP purchased a new position in shares of Darling Ingredients in the fourth quarter valued at $735,000. Assenagon Asset Management S.A. increased its position in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Darling Ingredients during the fourth quarter valued at $13,769,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Darling Ingredients Price Performance

DAR opened at $30.66 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The business has a fifty day moving average of $32.34 and a 200 day moving average of $35.63. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.28. The stock has a market cap of $4.85 billion, a P/E ratio of 17.72 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current 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.