CIBC Asset Management Inc lowered its position in Darling Ingredients Inc (NYSE:DAR) by 34.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,105 shares of the company’s stock after selling 6,995 shares during the period. CIBC Asset Management Inc’s holdings in Darling Ingredients were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DAR. Earnest Partners LLC acquired a new stake in Darling Ingredients in the third quarter valued at about $69,809,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Darling Ingredients by 1,090.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after purchasing an additional 3,825,542 shares during the period. Walthausen & Co. LLC acquired a new stake in Darling Ingredients in the third quarter valued at about $20,579,000. New York State Common Retirement Fund lifted its position in Darling Ingredients by 574.2% in the third quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock valued at $20,553,000 after purchasing an additional 999,091 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Darling Ingredients by 57.3% in the third quarter. Principal Financial Group Inc. now owns 2,004,344 shares of the company’s stock valued at $35,116,000 after purchasing an additional 730,479 shares during the period. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Darling Ingredients Inc (NYSE DAR) opened at $17.93 on Thursday. Darling Ingredients Inc has a 1-year low of $12.45 and a 1-year high of $19.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07. The stock has a market cap of $2,934.63, a PE ratio of 45.69 and a beta of 1.48.

DAR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Canaccord Genuity raised their price objective on shares of Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Roth Capital set a $20.00 price objective on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, TheStreet downgraded shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $19.33.

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Darling Ingredients Company Profile

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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