Trillium Asset Management LLC Cuts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Trillium Asset Management LLC cut its position in Darling Ingredients Inc. (NYSE:DAR) by 68.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,359 shares of the company’s stock after selling 155,682 shares during the quarter. Trillium Asset Management LLC’s holdings in Darling Ingredients were worth $2,404,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients during the 4th 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 purchasing an additional 721 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after purchasing an additional 687 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in Darling Ingredients during the 4th quarter worth $86,000. Finally, Avanza Fonder AB acquired a new position in Darling Ingredients during the 4th quarter valued at about $145,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

NYSE:DAR opened at $30.25 on Thursday. The firm’s fifty day moving average is $35.86 and its two-hundred day moving average is $36.81. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 17.49 and a beta of 1.25. 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 one year low of $27.20 and a one year high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, February 6th. The company reported $0.63 EPS 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%. Research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on DAR shares. Citigroup decreased their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

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.