Hartree Partners LP Sells 70,000 Shares of Darling Ingredients Inc. (NYSE:DAR)

Hartree Partners LP lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 60.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 45,000 shares of the company’s stock after selling 70,000 shares during the period. Hartree Partners LP’s holdings in Darling Ingredients were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Darling Ingredients by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock worth $524,486,000 after acquiring an additional 203,921 shares in the last quarter. State Street Corp grew its position in Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock worth $199,096,000 after purchasing an additional 289,407 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock valued at $148,005,000 after buying an additional 2,627,785 shares during the last quarter. FMR LLC lifted its position in shares of Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after buying an additional 491,477 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Darling Ingredients by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock worth $101,830,000 after buying an additional 36,618 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.75.

Darling Ingredients Trading Down 1.0 %

Shares of Darling Ingredients stock opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a market capitalization of $4.99 billion, a P/E ratio of 18.25 and a beta of 1.25. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39. The stock’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $36.44.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 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%. As a group, research analysts anticipate 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.