New York State Common Retirement Fund Sells 14,669 Shares of Darling Ingredients Inc. (NYSE:DAR)

New York State Common Retirement Fund lessened its position in Darling Ingredients Inc. (NYSE:DAR) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 771,941 shares of the company’s stock after selling 14,669 shares during the period. New York State Common Retirement Fund owned approximately 0.48% of Darling Ingredients worth $38,474,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. Stone House Investment Management LLC boosted its holdings in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $31,000. Catalyst Capital Advisors LLC acquired a new position in Darling Ingredients during the third quarter worth $31,000. Finally, Exchange Traded Concepts LLC acquired a new position in Darling Ingredients during the third quarter worth $38,000. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In related news, Director Kurt Stoffel acquired 8,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stephens reduced their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Stifel Nicolaus reduced their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Scotiabank cut their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Darling Ingredients Price Performance

Shares of DAR opened at $43.13 on Thursday. The firm has a market capitalization of $6.89 billion, a PE ratio of 10.84 and a beta of 1.29. The company’s 50-day moving average is $43.89 and its 200-day moving average is $44.58. Darling Ingredients Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Equities analysts forecast that Darling Ingredients Inc. will post 3.29 EPS for the current year.

Darling Ingredients Company 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.