Overbrook Management Corp Reduces Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Overbrook Management Corp lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.3% during the 4th quarter, HoldingsChannel reports. The fund owned 213,266 shares of the company’s stock after selling 14,369 shares during the period. Darling Ingredients comprises 2.1% of Overbrook Management Corp’s portfolio, making the stock its 21st biggest holding. Overbrook Management Corp’s holdings in Darling Ingredients were worth $10,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DAR. Triodos Investment Management BV purchased a new stake in shares of Darling Ingredients during the third quarter worth $34,698,000. Schonfeld Strategic Advisors LLC raised its position in shares of Darling Ingredients by 2,618.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock worth $25,519,000 after buying an additional 470,886 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Darling Ingredients by 10.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock worth $248,256,000 after buying an additional 446,483 shares in the last quarter. Raymond James & Associates raised its position in shares of Darling Ingredients by 106.9% in the third quarter. Raymond James & Associates now owns 818,468 shares of the company’s stock worth $42,724,000 after buying an additional 422,822 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Darling Ingredients by 10.9% in the third quarter. Deutsche Bank AG now owns 3,858,209 shares of the company’s stock worth $201,399,000 after buying an additional 378,304 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Up 4.9 %

Shares of NYSE:DAR traded up $2.13 on Thursday, reaching $45.26. 5,367,926 shares of the company traded hands, compared to its average volume of 2,097,900. The business’s 50-day simple moving average is $43.92 and its 200 day simple moving average is $44.57. Darling Ingredients Inc. has a 52 week low of $38.97 and a 52 week high of $71.60. The stock has a market capitalization of $7.23 billion, a P/E ratio of 11.41 and a beta of 1.29. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The company had revenue of $1.61 billion for 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%. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.62% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DAR. Stifel Nicolaus lowered their price objective on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. JPMorgan Chase & Co. reduced their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Citigroup increased their target price on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Stephens reduced their target price on 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. Finally, Scotiabank reduced their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.55.

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.