Bank Julius Baer & Co. Ltd Zurich Lowers Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in Darling Ingredients Inc. (NYSE:DAR) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,098 shares of the company’s stock after selling 59,371 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Darling Ingredients were worth $27,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its stake in Darling Ingredients by 14.7% in the fourth 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. Xponance Inc. raised its stake in Darling Ingredients by 1.3% in the third quarter. Xponance Inc. now owns 19,806 shares of the company’s stock valued at $1,034,000 after purchasing an additional 250 shares in the last quarter. Signaturefd LLC raised its stake in Darling Ingredients by 34.2% in the fourth 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. Harel Insurance Investments & Financial Services Ltd. raised its stake in Darling Ingredients by 6.4% in the fourth 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, Treasurer of the State of North Carolina raised its stake in Darling Ingredients by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock valued at $3,855,000 after purchasing an additional 279 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 1.3 %

Shares of Darling Ingredients stock traded down $0.58 on Friday, hitting $44.68. The stock had a trading volume of 2,365,958 shares, compared to its average volume of 2,101,853. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 11.22 and a beta of 1.29. The stock’s 50-day simple moving average is $43.97 and its two-hundred day simple moving average is $44.58.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

DAR has been the topic of a number of recent analyst reports. Stephens lowered their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Scotiabank reduced their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. Citigroup increased their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets reduced their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.55.

Insider Activity at Darling Ingredients

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

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.