Advantage Alpha Capital Partners LP Reduces Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Advantage Alpha Capital Partners LP trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 33.7% in the 4th quarter, Holdings Channel reports. The firm owned 109,343 shares of the company’s stock after selling 55,617 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Darling Ingredients were worth $3,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients in the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Darling Ingredients by 42.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after acquiring an additional 687 shares during the period. Palouse Capital Management Inc. purchased a new stake in shares of Darling Ingredients in the 4th quarter worth $86,000. Finally, Avanza Fonder AB bought a new position in Darling Ingredients in the 4th quarter worth $145,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

DAR opened at $29.87 on Monday. The firm has a market capitalization of $4.74 billion, a PE ratio of 17.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The business’s 50-day moving average is $35.67 and its two-hundred day moving average is $36.64. Darling Ingredients Inc. has a 1 year low of $27.20 and a 1 year high of $48.39.

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

Wall Street Analyst Weigh In

DAR has been the subject of a number of recent research reports. StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup dropped their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.75.

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.