Inspire Investing LLC Purchases 3,073 Shares of Darling Ingredients Inc. (NYSE:DAR)

Inspire Investing LLC increased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,120 shares of the company’s stock after purchasing an additional 3,073 shares during the period. Inspire Investing LLC’s holdings in Darling Ingredients were worth $1,284,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. increased 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 worth $38,000 after buying an additional 288 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Darling Ingredients by 2.6% during the third quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after acquiring an additional 310 shares during the last quarter. Signaturefd LLC raised its position in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after purchasing an additional 412 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD boosted its holdings in shares of Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock worth $1,103,000 after purchasing an additional 455 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the topic of several recent research reports. Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report 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 note on Friday, October 25th. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $53.67.

Darling Ingredients Trading Up 3.4 %

DAR stock opened at $36.13 on Friday. The company has a market capitalization of $5.75 billion, a PE ratio of 22.30 and a beta of 1.21. 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 Inc. has a 12 month low of $32.55 and a 12 month high of $48.39. The firm’s 50-day moving average is $36.62 and its 200 day moving average is $37.54.

Darling Ingredients (NYSE:DAR) last issued its 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). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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 was down 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. On average, research analysts anticipate that Darling Ingredients Inc. will post 1.57 EPS 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.