Impax Asset Management Group plc Sells 376,523 Shares of Darling Ingredients Inc. (NYSE:DAR)

Impax Asset Management Group plc cut its stake in Darling Ingredients Inc. (NYSE:DAR) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,989,309 shares of the company’s stock after selling 376,523 shares during the quarter. Impax Asset Management Group plc owned about 1.88% of Darling Ingredients worth $100,168,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Darling Ingredients by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after purchasing an additional 310 shares during the period. CIBC Asset Management Inc lifted its position in shares of Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after purchasing an additional 337 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in shares of Darling Ingredients by 5.7% during the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after purchasing an additional 412 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Down 1.0 %

NYSE:DAR opened at $39.18 on Monday. The firm has a 50-day simple moving average of $36.21 and a 200-day simple moving average of $37.64. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. The firm has a market cap of $6.23 billion, a P/E ratio of 22.65 and a beta of 1.21. 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 issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping 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 analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on DAR shares. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stephens reaffirmed an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup decreased their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.22.

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.