NFC Investments LLC Trims Position in Darling Ingredients Inc. (NYSE:DAR)

NFC Investments LLC reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 476,026 shares of the company’s stock after selling 2,978 shares during the quarter. Darling Ingredients comprises 4.4% of NFC Investments LLC’s investment portfolio, making the stock its 8th largest position. NFC Investments LLC’s holdings in Darling Ingredients were worth $16,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after acquiring an additional 20,323 shares in the last quarter. Algert Global LLC lifted its position in Darling Ingredients by 266.6% in the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock valued at $3,860,000 after acquiring an additional 75,540 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Darling Ingredients in the 3rd quarter valued at $30,545,000. Sycomore Asset Management lifted its position in Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after acquiring an additional 65,444 shares in the last quarter. Finally, KBC Group NV lifted its position in Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after acquiring an additional 66,966 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the topic of several research reports. Stephens reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup lowered 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, StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Stock Up 3.6 %

Darling Ingredients stock opened at $29.54 on Monday. The firm has a market capitalization of $4.69 billion, a PE ratio of 17.07 and a beta of 1.25. The company’s 50-day moving average is $36.13 and its 200-day moving average is $37.03. Darling Ingredients Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.