Centaurus Financial Inc. Trims Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Centaurus Financial Inc. lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,398 shares of the company’s stock after selling 923 shares during the quarter. Centaurus Financial Inc. owned about 0.05% of Darling Ingredients worth $3,248,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DAR. Dimensional Fund Advisors LP lifted its position in shares of Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the last quarter. ING Groep NV lifted its position in shares of Darling Ingredients by 244.1% during the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after buying an additional 574,700 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Darling Ingredients by 14.0% during the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after buying an additional 470,170 shares during the last quarter. Citigroup Inc. lifted its position in shares of Darling Ingredients by 2,842.2% during the 3rd quarter. Citigroup Inc. now owns 465,985 shares of the company’s stock worth $17,316,000 after buying an additional 450,147 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Darling Ingredients during the 2nd quarter worth approximately $15,406,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DAR. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. TD Cowen cut their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Piper Sandler cut their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Stock Performance

Shares of DAR opened at $40.13 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a market capitalization of $6.38 billion, a P/E ratio of 24.77 and a beta of 1.23. The company’s fifty day moving average is $38.45 and its two-hundred day moving average is $38.60. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, sell-side analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

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.