Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Intrust Bank NA

Intrust Bank NA lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.1% in the fourth quarter, HoldingsChannel reports. The firm owned 14,327 shares of the company’s stock after selling 931 shares during the quarter. Intrust Bank NA’s holdings in Darling Ingredients were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DAR. Brown Brothers Harriman & Co. grew its position in Darling Ingredients by 29.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,279,907 shares of the company’s stock worth $43,120,000 after purchasing an additional 291,138 shares during the last quarter. DnB Asset Management AS grew its holdings in Darling Ingredients by 2.0% in the 4th quarter. DnB Asset Management AS now owns 1,254,593 shares of the company’s stock worth $42,267,000 after buying an additional 25,022 shares in the last quarter. Norges Bank acquired a new stake in Darling Ingredients in the 4th quarter valued at approximately $63,956,000. WINTON GROUP Ltd acquired a new stake in Darling Ingredients in the 4th quarter valued at approximately $884,000. Finally, Vanguard Group Inc. raised its stake in Darling Ingredients by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after acquiring an additional 203,921 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $31.58 on Monday. Darling Ingredients Inc. has a twelve month low of $27.20 and a twelve month high of $48.39. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $35.06 and a two-hundred day moving average of $36.46. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.25 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its 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 net margin of 4.88% and a return on equity of 6.04%. As a group, analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Finally, 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 report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.