Thrivent Financial for Lutherans Has $1.27 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Thrivent Financial for Lutherans reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 59.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,723 shares of the company’s stock after selling 54,235 shares during the period. Thrivent Financial for Lutherans’ holdings in Darling Ingredients were worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAR. William Blair Investment Management LLC raised its holdings in Darling Ingredients by 51.3% during the 4th quarter. William Blair Investment Management LLC now owns 20,444 shares of the company’s stock worth $689,000 after purchasing an additional 6,934 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Darling Ingredients by 6.0% during the 4th quarter. Natixis Advisors LLC now owns 114,409 shares of the company’s stock worth $3,854,000 after buying an additional 6,496 shares during the period. Ironwood Investment Management LLC raised its stake in shares of Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock worth $1,414,000 after buying an additional 297 shares during the last quarter. Swiss National Bank lifted its holdings in Darling Ingredients by 0.3% in the fourth quarter. Swiss National Bank now owns 312,800 shares of the company’s stock valued at $10,538,000 after buying an additional 1,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Darling Ingredients by 17.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,953 shares of the company’s stock valued at $2,256,000 after acquiring an additional 9,855 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup reduced their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

Darling Ingredients Trading Down 0.9 %

NYSE DAR opened at $31.26 on Tuesday. Darling Ingredients Inc. has a one year low of $27.20 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $4.94 billion, a P/E ratio of 18.07 and a beta of 1.25. The stock’s 50-day moving average is $34.95 and its 200-day moving average is $36.44.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.