Impax Asset Management Group plc Decreases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Impax Asset Management Group plc lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,365,832 shares of the company’s stock after selling 18,636 shares during the quarter. Impax Asset Management Group plc’s holdings in Darling Ingredients were worth $124,494,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 527 shares in the last quarter. Signaturefd LLC boosted 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 buying an additional 386 shares during the last quarter. Blue Trust Inc. increased its stake 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 buying an additional 288 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after acquiring an additional 758 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Darling Ingredients by 893.8% in the second quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after acquiring an additional 2,324 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler reduced their price objective 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. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. TD Cowen lowered their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their price objective 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. Finally, Scotiabank lowered their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Stock Up 1.0 %

Darling Ingredients stock opened at $39.80 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The firm has a 50 day moving average price of $37.59 and a 200 day moving average price of $38.72. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The company has a market capitalization of $6.33 billion, a PE ratio of 24.57 and a beta of 1.23.

Darling Ingredients (NYSE:DAR) last issued 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 for 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 firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Research analysts expect that Darling Ingredients Inc. will post 1.89 earnings per share for the current year.

Darling Ingredients 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.