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

IFM Investors Pty Ltd decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.4% during the first quarter, HoldingsChannel reports. The fund owned 37,546 shares of the company’s stock after selling 1,724 shares during the quarter. IFM Investors Pty Ltd’s holdings in Darling Ingredients were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DAR. Norges Bank bought a new stake in Darling Ingredients during the 4th quarter valued at $94,650,000. Balyasny Asset Management L.P. purchased a new position in shares of Darling Ingredients during the 4th quarter valued at $92,661,000. Gates Capital Management Inc. purchased a new position in shares of Darling Ingredients during the 4th quarter valued at $88,885,000. Triodos Investment Management BV purchased a new position in shares of Darling Ingredients during the 3rd quarter valued at $34,698,000. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Darling Ingredients by 2,618.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after purchasing an additional 470,886 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction on Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DAR. JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Stephens reduced their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Stifel Nicolaus cut their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Citigroup upped their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets cut their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.55.

Darling Ingredients Stock Down 1.3 %

DAR traded down $0.59 on Friday, hitting $44.67. The company had a trading volume of 2,365,958 shares, compared to its average volume of 2,416,789. 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 Inc. has a 52-week low of $38.97 and a 52-week high of $71.60. The stock has a fifty day simple moving average of $44.01 and a 200-day simple moving average of $44.54. The firm has a market capitalization of $7.14 billion, a P/E ratio of 13.37 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $1.16 earnings per share. The business’s quarterly revenue was down 20.7% on a year-over-year basis. As a group, equities analysts expect that Darling Ingredients Inc. will post 3.18 EPS 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.