California State Teachers Retirement System trimmed its stake in Darling Ingredients Inc. (NYSE:DAR) by 10.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 290,962 shares of the company’s stock after selling 32,657 shares during the period. California State Teachers Retirement System owned about 0.18% of Darling Ingredients worth $4,580,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DAR. Russell Investments Group Ltd. raised its stake in shares of Darling Ingredients by 237.2% in the 1st quarter. Russell Investments Group Ltd. now owns 32,109 shares of the company’s stock valued at $467,000 after acquiring an additional 22,587 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Darling Ingredients by 16.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 119,027 shares of the company’s stock valued at $1,728,000 after acquiring an additional 17,124 shares during the period. Wellington Management Group LLP raised its stake in shares of Darling Ingredients by 15.6% in the 1st quarter. Wellington Management Group LLP now owns 197,552 shares of the company’s stock valued at $2,868,000 after acquiring an additional 26,643 shares during the period. Teachers Advisors LLC raised its stake in shares of Darling Ingredients by 13.4% in the 1st quarter. Teachers Advisors LLC now owns 1,039,284 shares of the company’s stock valued at $15,090,000 after acquiring an additional 122,598 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Darling Ingredients by 4.4% in the 1st quarter. California Public Employees Retirement System now owns 243,400 shares of the company’s stock valued at $3,534,000 after acquiring an additional 10,200 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have recently issued reports on DAR shares. Robert W. Baird reissued a “buy” rating and issued a $20.00 price target on shares of Darling Ingredients in a research note on Tuesday, September 26th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research note on Monday, September 25th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, October 11th. J P Morgan Chase & Co set a $19.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The company had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share.

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.

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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