New York State Common Retirement Fund Sells 9,159 Shares of Darling Ingredients Inc. (NYSE:DAR)

New York State Common Retirement Fund lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 529,649 shares of the company’s stock after selling 9,159 shares during the period. New York State Common Retirement Fund’s holdings in Darling Ingredients were worth $17,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $25,000. Signaturefd LLC increased its holdings in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after buying an additional 288 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after buying an additional 721 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Darling Ingredients in the 3rd quarter worth $58,000. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $39.18 on Friday. Darling Ingredients Inc. has a 52-week low of $32.55 and a 52-week high of $48.39. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21. The company has a fifty day moving average of $36.21 and a 200-day moving average of $37.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

About Darling Ingredients

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.