Leeward Investments LLC MA Cuts Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Leeward Investments LLC MA lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,846 shares of the company’s stock after selling 8,148 shares during the period. Leeward Investments LLC MA’s holdings in Darling Ingredients were worth $15,044,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC increased its position in shares of Darling Ingredients by 28.9% in the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after acquiring an additional 226,134 shares in the last quarter. Raymond James & Associates increased its position in shares of Darling Ingredients by 106.9% in the third quarter. Raymond James & Associates now owns 818,468 shares of the company’s stock worth $42,724,000 after acquiring an additional 422,822 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Darling Ingredients by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 629,795 shares of the company’s stock worth $31,301,000 after acquiring an additional 35,290 shares in the last quarter. South Dakota Investment Council increased its position in shares of Darling Ingredients by 86.3% in the fourth quarter. South Dakota Investment Council now owns 71,975 shares of the company’s stock worth $3,587,000 after acquiring an additional 33,332 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Darling Ingredients by 4.4% in the third quarter. Wellington Management Group LLP now owns 758,984 shares of the company’s stock worth $39,619,000 after acquiring an additional 32,147 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 1.3 %

DAR stock opened at $44.68 on Friday. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The firm has a market cap of $7.14 billion, a PE ratio of 13.38 and a beta of 1.29. The firm has a 50 day simple moving average of $44.01 and a 200 day simple moving average of $44.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities research analysts forecast that Darling Ingredients Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on DAR. BMO Capital Markets dropped their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Scotiabank lowered their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus lowered their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Citigroup raised their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.62% of the stock is currently owned by company insiders.

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.