UNIVEST FINANCIAL Corp Reduces Holdings in Darling Ingredients Inc. (NYSE:DAR)

UNIVEST FINANCIAL Corp reduced its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 53.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,480 shares of the company’s stock after selling 42,218 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Darling Ingredients were worth $1,263,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB raised its stake in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares during the period. Palouse Capital Management Inc. purchased a new position in Darling Ingredients during the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. boosted its position in shares of Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after purchasing an additional 712 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of Darling Ingredients in the fourth quarter worth $145,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $30.54 on Thursday. The firm has a market cap of $4.85 billion, a PE ratio of 17.65 and a beta of 1.25. The stock has a 50 day moving average of $35.27 and a 200 day moving average of $36.48. 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 Inc. has a 12 month low of $27.20 and a 12 month high of $48.39.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating 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%. On average, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DAR. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Citigroup cut their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.75.

Darling Ingredients Company 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.