Aristotle Atlantic Partners LLC Sells 64,765 Shares of Darling Ingredients Inc. (NYSE:DAR)

Aristotle Atlantic Partners LLC reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,181,731 shares of the company’s stock after selling 64,765 shares during the quarter. Darling Ingredients makes up approximately 1.3% of Aristotle Atlantic Partners LLC’s investment portfolio, making the stock its 22nd largest position. Aristotle Atlantic Partners LLC owned approximately 0.74% of Darling Ingredients worth $39,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Aristeia Capital L.L.C. grew its stake in Darling Ingredients by 26.1% in the 4th quarter. Aristeia Capital L.L.C. now owns 21,400 shares of the company’s stock worth $721,000 after acquiring an additional 4,423 shares in the last quarter. Atlantic Investment Management Inc. purchased a new position in Darling Ingredients during the 4th quarter worth $19,845,000. Mercer Global Advisors Inc. ADV bought a new stake in Darling Ingredients during the 4th quarter valued at $2,225,000. Comerica Bank lifted its holdings in shares of Darling Ingredients by 36.9% in the 4th quarter. Comerica Bank now owns 155,365 shares of the company’s stock worth $5,234,000 after buying an additional 41,856 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Darling Ingredients during the 4th quarter worth $109,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the subject of several recent research reports. TD Cowen decreased their price objective on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Citigroup dropped their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Robert W. Baird dropped their target price on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Darling Ingredients Stock Performance

Shares of DAR opened at $32.55 on Friday. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. The stock has a fifty day moving average price of $31.05 and a 200-day moving average price of $35.38. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.15 billion, a PE ratio of 18.82 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $0.50 EPS. Darling Ingredients’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.