Bank of New York Mellon Corp trimmed its position in shares of Darling Ingredients Inc (NYSE:DAR) by 6.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,125,726 shares of the company’s stock after selling 143,653 shares during the quarter. Bank of New York Mellon Corp owned about 1.29% of Darling Ingredients worth $38,541,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DAR. Earnest Partners LLC purchased a new stake in Darling Ingredients during the 3rd quarter valued at about $69,809,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 1,090.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after purchasing an additional 3,825,542 shares during the last quarter. Walthausen & Co. LLC purchased a new stake in Darling Ingredients during the 3rd quarter valued at about $20,579,000. New York State Common Retirement Fund grew its position in Darling Ingredients by 574.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock valued at $20,553,000 after purchasing an additional 999,091 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Darling Ingredients by 57.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,004,344 shares of the company’s stock valued at $35,116,000 after purchasing an additional 730,479 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.
Shares of Darling Ingredients Inc (DAR) opened at $18.48 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.71. The stock has a market cap of $3,040.00, a PE ratio of 38.50 and a beta of 1.43. Darling Ingredients Inc has a 1-year low of $13.98 and a 1-year high of $19.50.
Several analysts recently commented on DAR shares. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. TheStreet downgraded shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Goldman Sachs Group reissued a “neutral” rating and set a $19.00 price objective on shares of Darling Ingredients in a research report on Wednesday, February 28th. Finally, BMO Capital Markets downgraded shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $19.00 to $20.00 in a research report on Thursday, March 1st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.71.
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Darling Ingredients Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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