ING Groep NV Sells 638,500 Shares of Darling Ingredients Inc. (NYSE:DAR)

ING Groep NV lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 78.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,600 shares of the company’s stock after selling 638,500 shares during the quarter. ING Groep NV owned 0.11% of Darling Ingredients worth $5,781,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DAR. Creative Planning grew its holdings in Darling Ingredients by 21.9% during the third quarter. Creative Planning now owns 22,354 shares of the company’s stock worth $831,000 after buying an additional 4,021 shares in the last quarter. Blue Trust Inc. boosted its position in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares during the last quarter. Signaturefd LLC boosted its position in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Ballentine Partners LLC boosted its position in Darling Ingredients by 31.4% in the third quarter. Ballentine Partners LLC now owns 9,481 shares of the company’s stock worth $352,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Darling Ingredients by 16.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,778 shares of the company’s stock worth $252,000 after purchasing an additional 952 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 1.0 %

Shares of NYSE DAR opened at $39.18 on Friday. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. 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 fifty day moving average price is $36.21 and its 200-day moving average price is $37.61. The stock has a market capitalization of $6.23 billion, a PE ratio of 22.65 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DAR shares. Jefferies Financial Group boosted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citigroup cut their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

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.