Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 52.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 517,890 shares of the company’s stock after selling 575,626 shares during the period. Jennison Associates LLC owned 0.33% of Darling Ingredients worth $17,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the fourth quarter worth approximately $25,000. GAMMA Investing LLC increased its position in shares of Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares during the period. Signaturefd LLC raised its stake in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in Darling Ingredients during the third quarter valued at about $58,000. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DAR shares. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup dropped their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Jefferies Financial Group lifted their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $36.09 on Thursday. The business has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $37.45. The stock has a market cap of $5.74 billion, a PE ratio of 22.27 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $48.39.

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.