Darling Ingredients Inc. (NYSE:DAR) Stock Holdings Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 327,805 shares of the company’s stock after acquiring an additional 663 shares during the period. Retirement Systems of Alabama owned about 0.21% of Darling Ingredients worth $16,338,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DAR. Triodos Investment Management BV purchased a new position in shares of Darling Ingredients in the third quarter worth approximately $34,698,000. Schonfeld Strategic Advisors LLC grew its position in Darling Ingredients by 2,618.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after purchasing an additional 470,886 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in Darling Ingredients by 10.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock valued at $248,256,000 after purchasing an additional 446,483 shares in the last quarter. Raymond James & Associates grew its position in Darling Ingredients by 106.9% during the third quarter. Raymond James & Associates now owns 818,468 shares of the company’s stock valued at $42,724,000 after purchasing an additional 422,822 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Darling Ingredients by 10.9% during the third quarter. Deutsche Bank AG now owns 3,858,209 shares of the company’s stock valued at $201,399,000 after purchasing an additional 378,304 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 4.2 %

Shares of NYSE:DAR opened at $42.37 on Wednesday. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The company’s 50-day moving average price is $44.04 and its two-hundred day moving average price is $44.50. The company has a quick ratio of 1.10, a current ratio of 4.20 and a debt-to-equity ratio of 0.16. The firm has a market cap of $6.77 billion, a P/E ratio of 12.69 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $1.16 EPS. The firm’s revenue was down 20.7% compared to the same quarter last year. As a group, research analysts forecast that Darling Ingredients Inc. will post 3.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kurt Stoffel acquired 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DAR. Stephens decreased their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Scotiabank reduced their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Citigroup upped their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Stifel Nicolaus cut their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $72.55.

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.