Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Intrust Bank NA

Intrust Bank NA reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,327 shares of the company’s stock after selling 931 shares during the quarter. Intrust Bank NA’s holdings in Darling Ingredients were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in Darling Ingredients during the 4th quarter worth $86,000. First Horizon Advisors Inc. increased its holdings in Darling Ingredients by 30.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after purchasing an additional 712 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in Darling Ingredients in the fourth quarter valued at about $145,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several analyst reports. StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Stephens reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. One 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Price Performance

DAR stock opened at $31.58 on Monday. The stock’s 50 day moving average is $35.06 and its two-hundred day moving average is $36.46. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39. The company has a market capitalization of $4.99 billion, a PE ratio of 18.25 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued 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%. Analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients 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.