Leeward Investments LLC MA Decreases Position in Darling Ingredients Inc. (NYSE:DAR)

Leeward Investments LLC MA lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,846 shares of the company’s stock after selling 8,148 shares during the period. Leeward Investments LLC MA owned approximately 0.19% of Darling Ingredients worth $15,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DAR. Corbyn Investment Management Inc. MD increased its position in shares of Darling Ingredients by 33.1% in the 4th quarter. Corbyn Investment Management Inc. MD now owns 29,221 shares of the company’s stock valued at $1,456,000 after acquiring an additional 7,275 shares during the period. Sycomore Asset Management acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $1,249,000. Bfsg LLC acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $189,000. Private Management Group Inc. increased its position in shares of Darling Ingredients by 39.5% in the 4th quarter. Private Management Group Inc. now owns 450,317 shares of the company’s stock valued at $22,444,000 after acquiring an additional 127,535 shares during the period. Finally, South Dakota Investment Council increased its position in shares of Darling Ingredients by 86.3% in the 4th quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock valued at $3,587,000 after acquiring an additional 33,332 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DAR shares. BMO Capital Markets cut their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Stephens cut their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Scotiabank cut their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. Stifel Nicolaus cut their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. cut their price target on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients Trading Down 1.3 %

Shares of Darling Ingredients stock opened at $44.68 on Friday. The firm has a market capitalization of $7.14 billion, a PE ratio of 13.38 and a beta of 1.29. Darling Ingredients Inc. has a twelve month low of $38.97 and a twelve month high of $71.60. The firm’s 50-day moving average price is $44.01 and its 200 day moving average price is $44.56. The company has a current ratio of 4.20, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share 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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, sell-side analysts predict that Darling Ingredients Inc. will post 3.23 EPS for the current fiscal year.

Insider Activity

In other news, Director Kurt Stoffel purchased 8,000 shares of Darling Ingredients stock in a transaction dated 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 transaction, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.62% of the company’s stock.

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.