Advantage Alpha Capital Partners LP Sells 55,617 Shares of Darling Ingredients Inc. (NYSE:DAR)

Advantage Alpha Capital Partners LP cut its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,343 shares of the company’s stock after selling 55,617 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.07% of Darling Ingredients worth $3,684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in Darling Ingredients in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the period. First Horizon Advisors Inc. lifted its stake in Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after purchasing an additional 687 shares during the last quarter. Palouse Capital Management Inc. bought a new position in Darling Ingredients during the fourth quarter valued at $86,000. Finally, Avanza Fonder AB purchased a new stake in Darling Ingredients in the fourth quarter worth $145,000. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $29.87 on Monday. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 17.26 and a beta of 1.25. The company has a fifty day moving average of $35.67 and a 200-day moving average of $36.64. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current 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.