Bank of New York Mellon Corp cut its stake in Darling Ingredients Inc (NYSE:DAR) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,993,552 shares of the company’s stock after selling 50,616 shares during the period. Bank of New York Mellon Corp owned approximately 1.82% of Darling Ingredients worth $59,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in shares of Darling Ingredients by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,372,734 shares of the company’s stock valued at $27,290,000 after purchasing an additional 97,481 shares in the last quarter. Wells Fargo & Company MN grew its position in Darling Ingredients by 0.7% in the second quarter. Wells Fargo & Company MN now owns 816,374 shares of the company’s stock worth $16,230,000 after acquiring an additional 5,767 shares during the period. First Trust Advisors LP grew its position in Darling Ingredients by 8.8% in the second quarter. First Trust Advisors LP now owns 171,797 shares of the company’s stock worth $3,415,000 after acquiring an additional 13,911 shares during the period. CFO4Life Group LLC grew its position in Darling Ingredients by 2.2% in the second quarter. CFO4Life Group LLC now owns 270,825 shares of the company’s stock worth $5,384,000 after acquiring an additional 5,706 shares during the period. Finally, Hilltop Holdings Inc. grew its position in Darling Ingredients by 8.3% in the second quarter. Hilltop Holdings Inc. now owns 37,189 shares of the company’s stock worth $739,000 after acquiring an additional 2,842 shares during the period. Institutional investors and hedge funds own 99.10% of the company’s stock.

Darling Ingredients stock traded up $0.01 during mid-day trading on Friday, hitting $21.44. The company’s stock had a trading volume of 988,998 shares, compared to its average volume of 1,235,633. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.06 and a current ratio of 1.81. Darling Ingredients Inc has a 1 year low of $16.26 and a 1 year high of $22.38. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 89.33 and a beta of 1.14.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Darling Ingredients had a return on equity of 5.36% and a net margin of 4.78%. The firm had revenue of $812.58 million for the quarter, compared to analyst estimates of $859.52 million. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. Analysts forecast that Darling Ingredients Inc will post 0.92 EPS for the current year.

Several brokerages recently weighed in on DAR. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. BMO Capital Markets increased their price objective on Darling Ingredients from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. upgraded Darling Ingredients from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $21.00 to $25.00 in a research report on Monday, November 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.25.

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Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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