Arizona State Retirement System Sells 530 Shares of Darling Ingredients Inc. (NYSE:DAR)

Arizona State Retirement System cut its position in Darling Ingredients Inc. (NYSE:DAR) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,622 shares of the company’s stock after selling 530 shares during the quarter. Arizona State Retirement System’s holdings in Darling Ingredients were worth $1,425,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Darling Ingredients in the fourth quarter valued at about $423,000. Natixis Advisors LLC increased its holdings in Darling Ingredients by 6.0% in the 4th quarter. Natixis Advisors LLC now owns 114,409 shares of the company’s stock worth $3,854,000 after purchasing an additional 6,496 shares in the last quarter. Intech Investment Management LLC increased its holdings in Darling Ingredients by 60.9% in the 4th quarter. Intech Investment Management LLC now owns 32,735 shares of the company’s stock worth $1,103,000 after purchasing an additional 12,386 shares in the last quarter. Xponance Inc. increased its holdings in Darling Ingredients by 9.7% in the 4th quarter. Xponance Inc. now owns 19,790 shares of the company’s stock worth $667,000 after purchasing an additional 1,748 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Darling Ingredients by 1,003.0% in the 4th quarter. American Century Companies Inc. now owns 578,908 shares of the company’s stock worth $19,503,000 after purchasing an additional 526,425 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $35.85 on Friday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40. The stock has a market cap of $5.67 billion, a P/E ratio of 33.50 and a beta of 1.23. The stock’s fifty day moving average is $35.28 and its 200 day moving average is $34.26.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Jefferies Financial Group upped their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Robert W. Baird cut their target price on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Citigroup cut 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. Finally, TD Cowen cut their price target on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.14.

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.