Mackenzie Financial Corp Sells 14,462 Shares of Darling Ingredients Inc. (NYSE:DAR)

Mackenzie Financial Corp decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 37.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,031 shares of the company’s stock after selling 14,462 shares during the quarter. Mackenzie Financial Corp’s holdings in Darling Ingredients were worth $1,198,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter valued at approximately $29,000. Millburn Ridgefield Corp bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $31,000. Exchange Traded Concepts LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $38,000. Finally, Planned Solutions Inc. bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $50,000. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other news, Director Kurt Stoffel bought 8,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the purchase, the director now owns 10,571 shares of the company’s stock, valued at $439,965.02. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.26% of the company’s stock.

Darling Ingredients Trading Down 0.0 %

DAR stock opened at $43.13 on Thursday. The business has a fifty day moving average price of $43.89 and a 200 day moving average price of $44.58. Darling Ingredients Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 10.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Analysts expect that Darling Ingredients Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DAR. Scotiabank reduced their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Stephens reduced their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus reduced their price objective on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Citigroup raised their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.55.

Darling Ingredients Company Profile

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.