Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in Darling Ingredients Inc. (NYSE:DAR) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,039 shares of the company’s stock after selling 1,607 shares during the quarter. Advisors Asset Management Inc.’s holdings in Darling Ingredients were worth $893,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares during the period. Nisa Investment Advisors LLC boosted its stake in Darling Ingredients by 2.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after purchasing an additional 310 shares during the period. Signaturefd LLC grew its position in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Corbyn Investment Management Inc. MD increased its stake in Darling Ingredients by 1.6% in the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after purchasing an additional 455 shares during the period. Finally, Guinness Atkinson Asset Management Inc raised its holdings in shares of Darling Ingredients by 11.1% in the third quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock valued at $184,000 after buying an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $41.13 on Wednesday. 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 Inc. has a one year low of $32.67 and a one year high of $51.36. The firm has a market capitalization of $6.54 billion, a P/E ratio of 25.39 and a beta of 1.23. The company’s fifty day moving average is $38.54 and its two-hundred day moving average is $38.48.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. Analysts forecast that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAR. JPMorgan Chase & Co. raised their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. TD Cowen lowered their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Piper Sandler cut their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

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.