IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Stake in Darling Ingredients Inc. (NYSE:DAR)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 52.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,414 shares of the company’s stock after selling 31,577 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Darling Ingredients were worth $957,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DAR. M&T Bank Corp grew its holdings in shares of Darling Ingredients by 3.3% during the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after buying an additional 286 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in shares of Darling Ingredients by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock valued at $1,414,000 after purchasing an additional 297 shares during the period. CIBC Asset Management Inc raised its stake in shares of Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after purchasing an additional 337 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after purchasing an additional 406 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in Darling Ingredients by 5.7% in the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after buying an additional 412 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup cut their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Trading Up 4.7 %

Shares of Darling Ingredients stock opened at $31.90 on Friday. The firm has a 50-day simple moving average of $35.17 and a two-hundred day simple moving average of $36.45. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $48.39. The company has a market cap of $5.07 billion, a P/E ratio of 18.44 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results 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, equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

About Darling Ingredients

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.