AlphaCrest Capital Management LLC Sells 45,586 Shares of Darling Ingredients Inc. (NYSE:DAR)

AlphaCrest Capital Management LLC lessened its stake in Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 92.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,874 shares of the company’s stock after selling 45,586 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Darling Ingredients were worth $256,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DAR. State Street Corp lifted its position in Darling Ingredients by 1.4% in the 2nd quarter. State Street Corp now owns 4,617,316 shares of the company’s stock valued at $276,115,000 after acquiring an additional 61,858 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Darling Ingredients by 2.8% in the third quarter. Handelsbanken Fonder AB now owns 3,789,264 shares of the company’s stock valued at $250,660,000 after purchasing an additional 102,734 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of Darling Ingredients by 6.2% during the third quarter. Impax Asset Management Group plc now owns 3,653,695 shares of the company’s stock worth $240,852,000 after buying an additional 213,915 shares during the period. Deutsche Bank AG grew its holdings in shares of Darling Ingredients by 17.7% during the second quarter. Deutsche Bank AG now owns 2,874,455 shares of the company’s stock worth $171,893,000 after buying an additional 432,025 shares in the last quarter. Finally, Pictet Asset Management SA raised its position in Darling Ingredients by 21.9% in the 3rd quarter. Pictet Asset Management SA now owns 1,983,608 shares of the company’s stock valued at $130,058,000 after buying an additional 356,442 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Darling Ingredients in a research report on Tuesday, December 13th. They issued a “buy” rating and a $91.00 target price for the company. StockNews.com downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. Raymond James lowered their target price on Darling Ingredients from $100.00 to $95.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 1st. Piper Sandler lowered their price target on shares of Darling Ingredients from $101.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Finally, Cowen dropped their price objective on Darling Ingredients from $79.00 to $73.00 in a report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.36.

Darling Ingredients Trading Down 2.0 %

Shares of DAR stock opened at $60.02 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average of $65.16 and a 200-day moving average of $69.18. Darling Ingredients Inc. has a 12-month low of $55.71 and a 12-month high of $87.59. The firm has a market cap of $9.60 billion, a P/E ratio of 13.34 and a beta of 1.26.

Darling Ingredients Company Profile

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.