National Bank of Canada FI Has $219,000 Stock Position in Darling Ingredients Inc. (NYSE:DAR)

National Bank of Canada FI cut its stake in Darling Ingredients Inc. (NYSE:DAR) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,503 shares of the company’s stock after selling 1,603 shares during the period. National Bank of Canada FI’s holdings in Darling Ingredients were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Quantinno Capital Management LP lifted its stake in shares of Darling Ingredients by 12.2% during the third quarter. Quantinno Capital Management LP now owns 10,797 shares of the company’s stock valued at $401,000 after acquiring an additional 1,176 shares during the period. State Street Corp lifted its holdings in Darling Ingredients by 5.7% in the third quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after buying an additional 289,407 shares during the period. Wellington Management Group LLP boosted its stake in Darling Ingredients by 1.2% in the third quarter. Wellington Management Group LLP now owns 800,983 shares of the company’s stock valued at $29,765,000 after acquiring an additional 9,442 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Darling Ingredients by 26.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,435 shares of the company’s stock worth $276,000 after acquiring an additional 1,566 shares during the period. Finally, MML Investors Services LLC raised its position in shares of Darling Ingredients by 17.6% during the 3rd quarter. MML Investors Services LLC now owns 12,846 shares of the company’s stock valued at $477,000 after acquiring an additional 1,925 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DAR shares. TD Cowen decreased their price objective on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Citigroup lowered 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. Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Darling Ingredients Stock Performance

Shares of DAR opened at $28.69 on Friday. The firm’s 50 day moving average price is $33.77 and its two-hundred day moving average price is $36.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.93. The firm has a market cap of $4.54 billion, a P/E ratio of 16.58 and a beta of 1.19.

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 analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients 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.