Grantham Mayo Van Otterloo & Co. LLC Reduces Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,273,193 shares of the company’s stock after selling 900,776 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 2.69% of Darling Ingredients worth $143,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Glenmede Trust Co. NA raised its position in Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after purchasing an additional 412 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Darling Ingredients by 8.9% during the third quarter. Captrust Financial Advisors now owns 20,399 shares of the company’s stock valued at $758,000 after acquiring an additional 1,665 shares in the last quarter. Centiva Capital LP raised its holdings in shares of Darling Ingredients by 122.1% during the third quarter. Centiva Capital LP now owns 12,947 shares of the company’s stock valued at $481,000 after acquiring an additional 7,118 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in Darling Ingredients by 21.5% in the third quarter. Hilltop Holdings Inc. now owns 8,255 shares of the company’s stock worth $307,000 after acquiring an additional 1,461 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Darling Ingredients by 7.4% in the third quarter. Janus Henderson Group PLC now owns 104,941 shares of the company’s stock valued at $3,900,000 after acquiring an additional 7,252 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. TD Cowen lowered their price objective on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday. Citigroup reduced their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Darling Ingredients Stock Down 7.2 %

Shares of NYSE:DAR opened at $29.21 on Friday. 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 fifty day simple moving average of $34.63 and a two-hundred day simple moving average of $36.32. Darling Ingredients Inc. has a 12-month low of $27.20 and a 12-month high of $48.39. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 16.88 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, research analysts anticipate 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.