Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 40.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 147,530 shares of the company’s stock after selling 101,292 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Darling Ingredients were worth $5,103,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB grew its holdings in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Darling Ingredients during the 3rd quarter worth $58,000. Farther Finance Advisors LLC lifted its stake in shares of Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake 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 worth $86,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.6 %

Shares of DAR opened at $32.24 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.12 billion, a P/E ratio of 18.64 and a beta of 1.25. The stock’s fifty day simple moving average is $36.53 and its 200 day simple moving average is $37.40. Darling Ingredients Inc. has a twelve month low of $31.87 and a twelve month high of $48.39.

Darling Ingredients (NYSE:DAR) last issued 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%. On average, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DAR shares. Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Citigroup reduced their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.