Mutual of America Capital Management LLC Trims Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Mutual of America Capital Management LLC cut its position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,704 shares of the company’s stock after selling 12,238 shares during the quarter. Mutual of America Capital Management LLC owned 0.07% of Darling Ingredients worth $5,413,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DAR. Raymond James & Associates raised its stake in shares of Darling Ingredients by 106.9% during the 3rd quarter. Raymond James & Associates now owns 818,468 shares of the company’s stock worth $42,724,000 after buying an additional 422,822 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Darling Ingredients by 34.3% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,369 shares of the company’s stock valued at $3,787,000 after purchasing an additional 15,177 shares during the last quarter. Bank of Montreal Can purchased a new stake in Darling Ingredients in the 2nd quarter valued at approximately $3,303,000. William Blair Investment Management LLC grew its holdings in Darling Ingredients by 18.6% during the 2nd quarter. William Blair Investment Management LLC now owns 25,769 shares of the company’s stock valued at $1,644,000 after buying an additional 4,047 shares during the last quarter. Finally, Signaturefd LLC increased its position in Darling Ingredients by 42.8% during the second quarter. Signaturefd LLC now owns 814 shares of the company’s stock worth $52,000 after buying an additional 244 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $41.58 on Monday. Darling Ingredients Inc. has a 52 week low of $38.97 and a 52 week high of $71.60. The company has a current ratio of 1.78, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. The stock has a market cap of $6.63 billion, a PE ratio of 9.41 and a beta of 1.30. The company’s 50-day moving average price is $46.24 and its two-hundred day moving average price is $50.57.

Wall Street Analysts Forecast Growth

DAR has been the topic of several analyst reports. Stephens decreased their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Raymond James reduced their price target on Darling Ingredients from $80.00 to $75.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 9th. BMO Capital Markets reduced their target price on Darling Ingredients from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Citigroup initiated coverage on shares of Darling Ingredients in a report on Thursday, February 1st. They set a “neutral” rating and a $49.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price target on Darling Ingredients from $123.00 to $120.00 and set a “buy” rating for the company in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.90.

View Our Latest Research Report on Darling Ingredients

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi bought 1,025 shares of Darling Ingredients stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $43.38 per share, for a total transaction of $44,464.50. Following the completion of the acquisition, the chief accounting officer now owns 6,978 shares of the company’s stock, valued at approximately $302,705.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Matthew J. Jansen acquired 11,113 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $44.80 per share, for a total transaction of $497,862.40. Following the acquisition, the chief operating officer now owns 59,849 shares in the company, valued at $2,681,235.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Joseph Manzi bought 1,025 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $43.38 per share, with a total value of $44,464.50. Following the completion of the acquisition, the chief accounting officer now owns 6,978 shares of the company’s stock, valued at $302,705.64. The disclosure for this purchase can be found here. Insiders have acquired 14,088 shares of company stock valued at $623,778 in the last quarter. Insiders own 2.51% of the company’s stock.

About Darling Ingredients

(Free Report)

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.

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

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