Teachers Retirement System of The State of Kentucky Has $1.89 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Teachers Retirement System of The State of Kentucky reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,791 shares of the company’s stock after selling 1,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Darling Ingredients were worth $1,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares during the period. Signaturefd LLC raised its holdings in Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. lifted its position in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Darling Ingredients during the third quarter valued at about $58,000. Finally, Farther Finance Advisors LLC grew its position in shares of 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 during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 3.4 %

Shares of Darling Ingredients stock opened at $33.90 on Tuesday. The company’s fifty day moving average price is $38.81 and its two-hundred day moving average price is $37.94. The firm has a market capitalization of $5.39 billion, a PE ratio of 20.93 and a beta of 1.19. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. On average, analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

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