IFM Investors Pty Ltd Sells 1,724 Shares of Darling Ingredients Inc. (NYSE:DAR)

IFM Investors Pty Ltd decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,546 shares of the company’s stock after selling 1,724 shares during the period. IFM Investors Pty Ltd’s holdings in Darling Ingredients were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAR. Norges Bank bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $94,650,000. Balyasny Asset Management L.P. bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $92,661,000. Gates Capital Management Inc. bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $88,885,000. Triodos Investment Management BV bought a new stake in Darling Ingredients in the third quarter valued at approximately $34,698,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in Darling Ingredients by 2,618.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after buying an additional 470,886 shares during the period. Institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of Darling Ingredients stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAR. BMO Capital Markets dropped their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Scotiabank lowered their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus lowered their target price on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Stephens lowered their target price on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, Citigroup increased their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.55.

Darling Ingredients Price Performance

NYSE:DAR traded down $0.59 during trading hours on Friday, reaching $44.67. 2,365,958 shares of the company were exchanged, compared to its average volume of 2,416,789. The business has a 50 day moving average of $44.01 and a 200 day moving average of $44.54. The company has a market capitalization of $7.14 billion, a P/E ratio of 13.37 and a beta of 1.29. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. Research analysts forecast that Darling Ingredients Inc. will post 3.18 EPS for the current 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.