MetLife Investment Management LLC Sells 1,932 Shares of Darling Ingredients Inc. (NYSE:DAR)

MetLife Investment Management LLC lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,182 shares of the company’s stock after selling 1,932 shares during the period. MetLife Investment Management LLC’s holdings in Darling Ingredients were worth $3,054,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DAR. GAMMA Investing LLC raised its stake in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC increased its stake in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. increased its stake in 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 purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Darling Ingredients in the third quarter valued at $58,000. Finally, Farther Finance Advisors LLC increased its stake in Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DAR shares. TD Cowen decreased their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target 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. Finally, Piper Sandler decreased their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Trading Down 5.7 %

NYSE:DAR opened at $37.47 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a 50-day moving average of $38.96 and a 200-day moving average of $38.28. The company has a market cap of $5.96 billion, a PE ratio of 23.13 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $51.36.

Darling Ingredients (NYSE:DAR) last released its quarterly 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 firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, equities research analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal 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.