US Bancorp DE Reduces Stake in Darling Ingredients Inc. (NYSE:DAR)

US Bancorp DE lowered its holdings in Darling Ingredients Inc. (NYSE:DAR) by 3.9% during the fourth quarter, HoldingsChannel reports. The fund owned 95,001 shares of the company’s stock after selling 3,887 shares during the period. US Bancorp DE’s holdings in Darling Ingredients were worth $3,201,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc increased its holdings in shares of Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after acquiring an additional 337 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after acquiring an additional 412 shares during the last quarter. Corbyn Investment Management Inc. MD increased its holdings in shares of Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after acquiring an additional 455 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Darling Ingredients by 7.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company’s stock valued at $311,000 after acquiring an additional 564 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after acquiring an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 2.3 %

Darling Ingredients stock opened at $32.72 on Friday. Darling Ingredients Inc. has a twelve month low of $31.87 and a twelve month high of $48.39. The stock has a 50 day moving average of $36.57 and a two-hundred day moving average of $37.51. 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 stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 18.91 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup decreased their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

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.