Yacktman Asset Management LP Sells 52,051 Shares of Darling Ingredients Inc. (NYSE:DAR)

Yacktman Asset Management LP decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,553,818 shares of the company’s stock after selling 52,051 shares during the period. Yacktman Asset Management LP owned 0.98% of Darling Ingredients worth $52,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Algert Global LLC increased its position in Darling Ingredients by 266.6% in the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock valued at $3,860,000 after buying an additional 75,540 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Darling Ingredients by 23.2% during the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after acquiring an additional 20,323 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Darling Ingredients during the third quarter worth approximately $30,545,000. KBC Group NV lifted its holdings in shares of Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after purchasing an additional 66,966 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Darling Ingredients by 4.1% in the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock valued at $40,635,000 after purchasing an additional 42,921 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DAR shares. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stephens reiterated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup dropped their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $53.22.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $39.66 on Tuesday. The business’s 50 day simple moving average is $35.50 and its 200 day simple moving average is $37.48. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $48.39. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 22.92 and a beta of 1.21. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its 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 net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.79 EPS for the current 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.