Grantham Mayo Van Otterloo & Co. LLC Sells 900,776 Shares of Darling Ingredients Inc. (NYSE:DAR)

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 17.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,273,193 shares of the company’s stock after selling 900,776 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Darling Ingredients were worth $143,964,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in Darling Ingredients during the fourth quarter valued at approximately $243,000. Resona Asset Management Co. Ltd. bought a new position in shares of Darling Ingredients during the 4th quarter valued at $646,000. Riverwater Partners LLC purchased a new position in shares of Darling Ingredients in the 4th quarter worth $844,000. Bryce Point Capital LLC bought a new stake in shares of Darling Ingredients in the fourth quarter worth $487,000. Finally, Franklin Resources Inc. increased its position in Darling Ingredients by 266.7% during the fourth quarter. Franklin Resources Inc. now owns 973,556 shares of the company’s stock valued at $32,799,000 after acquiring an additional 708,035 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of recent research reports. StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday. TD Cowen cut their target price on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Friday. Citigroup decreased 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. Finally, Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. 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 an average target price of $52.00.

Darling Ingredients Stock Performance

DAR opened at $29.21 on Friday. The company has a 50 day simple moving average of $34.63 and a two-hundred day simple moving average of $36.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $4.62 billion, a P/E ratio of 16.88 and a beta of 1.19. Darling Ingredients Inc. has a 1-year low of $27.20 and a 1-year high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its earnings results 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%. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Company Profile

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.