Stonebridge Capital Advisors LLC Has $596,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Stonebridge Capital Advisors LLC lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 54.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,825 shares of the company’s stock after selling 15,279 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Darling Ingredients were worth $596,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DAR. CWM LLC boosted its holdings in shares of Darling Ingredients by 14.7% in the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after purchasing an additional 247 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Darling Ingredients by 34.2% in the 4th quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock valued at $54,000 after purchasing an additional 275 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of Darling Ingredients by 4.3% in the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after purchasing an additional 277 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Darling Ingredients by 6.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock valued at $229,000 after purchasing an additional 278 shares in the last quarter. Finally, Stone House Investment Management LLC boosted its holdings in shares of Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.8 %

NYSE:DAR traded down $0.71 during trading hours on Friday, hitting $38.87. 3,956,900 shares of the company were exchanged, compared to its average volume of 1,794,734. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 11.64 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a one year low of $33.94 and a one year high of $71.60. The company has a fifty day simple moving average of $37.79 and a 200 day simple moving average of $41.76.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.35% and a net margin of 6.04%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company earned $1.55 EPS. Darling Ingredients’s revenue for the quarter was down 17.2% compared to the same quarter last year. Sell-side analysts expect that Darling Ingredients Inc. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on DAR. Stifel Nicolaus reduced their target price on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th. TD Cowen cut their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Jefferies Financial Group cut their price objective on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, June 12th. Finally, Scotiabank cut their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.27.

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.