Van ECK Associates Corp trimmed its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 22.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,252 shares of the company’s stock after selling 16,830 shares during the quarter. Van ECK Associates Corp’s holdings in Darling Ingredients were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in Darling Ingredients by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock worth $192,000 after purchasing an additional 335 shares in the last quarter. Aperio Group LLC increased its holdings in Darling Ingredients by 55.5% in the second quarter. Aperio Group LLC now owns 167,462 shares of the company’s stock worth $2,636,000 after purchasing an additional 59,801 shares in the last quarter. US Bancorp DE increased its holdings in Darling Ingredients by 1.9% in the second quarter. US Bancorp DE now owns 27,259 shares of the company’s stock worth $429,000 after purchasing an additional 500 shares in the last quarter. Strs Ohio increased its holdings in Darling Ingredients by 21.0% in the second quarter. Strs Ohio now owns 12,100 shares of the company’s stock worth $190,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Darling Ingredients by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 57,770 shares of the company’s stock worth $909,000 after purchasing an additional 3,620 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.

Darling Ingredients Inc (NYSE:DAR) opened at $18.14 on Friday. The stock has a market capitalization of $2,956.04, a P/E ratio of 46.03 and a beta of 1.53. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. Darling Ingredients Inc has a 1 year low of $11.51 and a 1 year high of $18.65.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The company had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. research analysts forecast that Darling Ingredients Inc will post 0.24 EPS for the current year.

A number of equities research analysts have weighed in on DAR shares. Robert W. Baird reiterated an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. J P Morgan Chase & Co set a $19.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price objective on shares of Darling Ingredients in a research note on Monday, September 25th. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Roth Capital set a $20.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.33.

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About Darling Ingredients

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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