Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 9.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,871 shares of the company’s stock after selling 1,137 shares during the period. Integrated Investment Consultants LLC’s holdings in Darling Ingredients were worth $366,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DAR. GAMMA Investing LLC boosted its holdings in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the period. Signaturefd LLC boosted its holdings in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the period. Blue Trust Inc. boosted its holdings in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at about $58,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 1.1 %

DAR stock opened at $36.70 on Friday. Darling Ingredients Inc. has a 52 week low of $32.55 and a 52 week high of $48.39. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.66 and a beta of 1.21. The firm’s 50-day moving average is $37.02 and its two-hundred day moving average is $37.56. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, analysts forecast that Darling Ingredients Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DAR has been the subject of a number of analyst reports. Jefferies Financial Group boosted their target price 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. Piper Sandler reduced their target price 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. Finally, JPMorgan Chase & Co. boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Darling Ingredients currently has an average 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.