Daiwa Securities Group Inc. Has $7.08 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Daiwa Securities Group Inc. cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 27.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 142,100 shares of the company’s stock after selling 54,400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Darling Ingredients were worth $7,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Darling Ingredients by 97.9% during the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock worth $1,133,000 after acquiring an additional 6,999 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Darling Ingredients by 20.4% during the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock worth $1,697,000 after acquiring an additional 3,563 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Darling Ingredients during the 1st quarter worth approximately $141,000. Panagora Asset Management Inc. bought a new position in shares of Darling Ingredients during the 1st quarter worth approximately $447,000. Finally, Great West Life Assurance Co. Can grew its stake in shares of Darling Ingredients by 8.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock worth $7,366,000 after acquiring an additional 6,770 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

DAR has been the subject of several recent analyst reports. Citigroup increased their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Stephens cut their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Scotiabank cut their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, BMO Capital Markets cut their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients Stock Down 1.3 %

Shares of NYSE DAR opened at $41.18 on Friday. Darling Ingredients Inc. has a 52 week low of $38.97 and a 52 week high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The stock’s fifty day moving average is $43.83 and its 200 day moving average is $44.75. The stock has a market capitalization of $6.58 billion, a P/E ratio of 10.35 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last released its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. Sell-side analysts forecast that Darling Ingredients Inc. will post 3.41 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.