Yacktman Asset Management LP Sells 52,051 Shares of Darling Ingredients Inc. (NYSE:DAR)

Yacktman Asset Management LP cut its position in Darling Ingredients Inc. (NYSE:DAR) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,553,818 shares of the company’s stock after selling 52,051 shares during the quarter. Yacktman Asset Management LP’s holdings in Darling Ingredients were worth $52,348,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in Darling Ingredients during the second quarter valued at $319,000. SG Americas Securities LLC bought a new stake in shares of Darling Ingredients during the 3rd quarter valued at about $229,000. Park Avenue Securities LLC purchased a new position in shares of Darling Ingredients during the third quarter worth about $201,000. GAMMA Investing LLC increased its position in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter. Finally, Harrington Investments INC raised its stake in Darling Ingredients by 5.1% in the third quarter. Harrington Investments INC now owns 14,424 shares of the company’s stock valued at $536,000 after purchasing an additional 700 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on DAR. Citigroup cut their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Jefferies Financial Group upped their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

Darling Ingredients Trading Down 0.2 %

NYSE DAR opened at $39.66 on Tuesday. The firm has a market cap of $6.31 billion, a PE ratio of 22.92 and a beta of 1.21. Darling Ingredients Inc. has a 1-year low of $32.55 and a 1-year high of $48.39. The stock has a 50-day moving average of $35.50 and a 200-day moving average of $37.48. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 2.79 EPS for the current year.

Darling Ingredients 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.