Access Investment Management LLC Lowers Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Access Investment Management LLC trimmed its position in Darling Ingredients Inc. (NYSE:DAR) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,895 shares of the company’s stock after selling 5,275 shares during the quarter. Darling Ingredients makes up approximately 1.6% of Access Investment Management LLC’s portfolio, making the stock its 21st biggest holding. Access Investment Management LLC’s holdings in Darling Ingredients were worth $5,656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in Darling Ingredients by 5.7% during the third quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after purchasing an additional 289,407 shares during the last quarter. FMR LLC lifted its position in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after purchasing an additional 491,477 shares during the last quarter. Geode Capital Management LLC lifted its position in Darling Ingredients by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after purchasing an additional 36,618 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Finally, Southernsun Asset Management LLC lifted its position in Darling Ingredients by 11.6% during the third quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after purchasing an additional 154,038 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 1.0 %

Shares of DAR opened at $39.18 on Friday. The firm has a 50 day moving average price of $36.21 and a 200-day moving average price of $37.62. Darling Ingredients Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DAR shares. Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.