Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,827,002 shares of the company’s stock after selling 139,710 shares during the period. Darling Ingredients comprises 0.9% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 16th largest holding. Handelsbanken Fonder AB owned approximately 2.40% of Darling Ingredients worth $190,738,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Darling Ingredients during the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $31,000. Stone House Investment Management LLC increased its position in shares of Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Darling Ingredients by 38.9% in the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company’s stock valued at $44,000 after purchasing an additional 193 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $1.43 during midday trading on Friday, hitting $42.61. The stock had a trading volume of 2,561,413 shares, compared to its average volume of 2,115,897. The company has a market capitalization of $6.81 billion, a PE ratio of 10.71 and a beta of 1.29. The stock has a 50 day moving average price of $43.85 and a two-hundred day moving average price of $44.67. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a 1 year low of $38.97 and a 1 year high of $71.60.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. As a group, equities analysts predict that Darling Ingredients Inc. will post 3.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DAR shares. JPMorgan Chase & Co. dropped their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday. Stephens lowered 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 report on Wednesday, January 24th. BMO Capital Markets lowered their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Scotiabank lowered their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $72.55.

Insider Buying and Selling

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was bought at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.62% of the stock is owned by insiders.

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.