CFO4Life Group LLC Sells 6,995 Shares of Darling Ingredients Inc. (NYSE:DAR)

CFO4Life Group LLC trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,030 shares of the company’s stock after selling 6,995 shares during the period. Darling Ingredients comprises approximately 1.4% of CFO4Life Group LLC’s investment portfolio, making the stock its 17th largest holding. CFO4Life Group LLC owned 0.15% of Darling Ingredients worth $7,986,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DAR. Assenagon Asset Management S.A. raised its stake in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. Paloma Partners Management Co raised its stake in shares of Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after purchasing an additional 838,047 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $30,545,000. ING Groep NV increased its holdings in Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after acquiring an additional 574,700 shares during the last quarter. Finally, FMR LLC increased its holdings in Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after acquiring an additional 491,477 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Down 4.1 %

DAR stock opened at $29.57 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.70 billion, a PE ratio of 17.09 and a beta of 1.25. Darling Ingredients Inc. has a twelve month low of $29.49 and a twelve month high of $48.39. The stock has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $37.28.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

DAR has been the subject of several recent research reports. Citigroup decreased their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.75.

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.