Access Investment Management LLC Sells 5,275 Shares of Darling Ingredients Inc. (NYSE:DAR)

Access Investment Management LLC decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,895 shares of the company’s stock after selling 5,275 shares during the period. Darling Ingredients makes up about 1.6% of Access Investment Management LLC’s portfolio, making the stock its 21st largest position. Access Investment Management LLC owned approximately 0.11% of Darling Ingredients worth $5,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings 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 valued at $102,000 after acquiring an additional 712 shares in the last quarter. Alberta Investment Management Corp bought a new position in Darling Ingredients in the 4th quarter valued at $1,070,000. Peregrine Capital Management LLC increased its position in shares of Darling Ingredients by 1.5% during the 4th quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company’s stock valued at $6,329,000 after purchasing an additional 2,832 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after purchasing an additional 337 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Darling Ingredients by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company’s stock worth $570,000 after buying an additional 707 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DAR. Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $39.18 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $6.23 billion, a PE ratio of 22.65 and a beta of 1.21. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a 50-day moving average price of $36.21 and a two-hundred day moving average price of $37.62.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping 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%. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients 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.