UNIVEST FINANCIAL Corp Decreases Stock Position in Darling Ingredients Inc. (NYSE:DAR)

UNIVEST FINANCIAL Corp lowered its position in Darling Ingredients Inc. (NYSE:DAR) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,480 shares of the company’s stock after selling 42,218 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Darling Ingredients were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of DAR. M&T Bank Corp grew its position in shares of Darling Ingredients by 3.3% during the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock worth $303,000 after buying an additional 286 shares in the last quarter. Ironwood Investment Management LLC boosted its position in Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock worth $1,414,000 after purchasing an additional 297 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after buying an additional 337 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Darling Ingredients by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after buying an additional 406 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 2.9 %

Shares of NYSE DAR opened at $30.54 on Thursday. The stock has a market cap of $4.85 billion, a PE ratio of 17.65 and a beta of 1.25. 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 $27.20 and a 12-month high of $48.39. The company has a 50-day moving average of $35.27 and a 200 day moving average of $36.48.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DAR. Citigroup reduced their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

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.