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

Handelsbanken Fonder AB lowered its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 19.9% in the fourth quarter, Holdings Channel reports. The firm owned 964,622 shares of the company’s stock after selling 239,401 shares during the quarter. Handelsbanken Fonder AB’s holdings in Darling Ingredients were worth $32,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in shares of Darling Ingredients during the fourth quarter worth about $1,070,000. Peregrine Capital Management LLC raised its stake in Darling Ingredients by 1.5% during the 4th quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company’s stock valued at $6,329,000 after acquiring an additional 2,832 shares during the last quarter. CIBC Asset Management Inc lifted its position in Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after acquiring an additional 337 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Darling Ingredients by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company’s stock valued at $570,000 after purchasing an additional 707 shares during the last quarter. Finally, Palouse Capital Management Inc. acquired a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $86,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 3.1 %

Shares of NYSE DAR opened at $39.57 on Friday. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 22.87 and a beta of 1.21. Darling Ingredients Inc. has a 52 week low of $32.55 and a 52 week high of $48.39. The firm has a 50-day moving average price of $36.13 and a 200 day moving average price of $37.59. 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 (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (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%. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Jefferies Financial Group raised their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup dropped their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $53.22.

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.