Keene & Associates Inc. Lowers Position in Darling Ingredients Inc. (NYSE:DAR)

Keene & Associates Inc. decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 22.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,135 shares of the company’s stock after selling 2,875 shares during the period. Keene & Associates Inc.’s holdings in Darling Ingredients were worth $341,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Heck Capital Advisors LLC purchased a new position in Darling Ingredients during the fourth quarter valued at approximately $25,000. Signaturefd LLC increased its holdings in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Darling Ingredients by 157.1% in 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 in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients during the 3rd quarter worth $58,000. Institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised 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 decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.22.

Darling Ingredients Stock Performance

DAR opened at $41.81 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12-month low of $32.55 and a 12-month high of $48.39. The firm has a 50 day moving average of $35.93 and a two-hundred day moving average of $37.54. The firm has a market capitalization of $6.65 billion, a PE ratio of 24.17 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 EPS 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, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.