Tredje AP fonden Trims Stake in Darling Ingredients Inc. (NYSE:DAR)

Tredje AP fonden lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 501,486 shares of the company’s stock after selling 16,618 shares during the quarter. Tredje AP fonden owned approximately 0.31% of Darling Ingredients worth $18,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Darling Ingredients by 1,412.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Darling Ingredients during the 1st quarter valued at about $25,000. Riverview Trust Co bought a new position in shares of Darling Ingredients during the 1st quarter valued at approximately $55,000. Parallel Advisors LLC increased its holdings in Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after acquiring an additional 389 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Darling Ingredients by 56.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after acquiring an additional 724 shares during the period. Institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Robert W. Day acquired 2,532 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were acquired at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the transaction, the executive vice president now directly owns 12,607 shares in the company, valued at approximately $496,337.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DAR has been the topic of a number of analyst reports. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, June 12th. TD Cowen lowered their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Scotiabank dropped their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Jefferies Financial Group decreased their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.10.

Darling Ingredients Trading Up 0.3 %

DAR stock opened at $35.45 on Wednesday. The firm has a fifty day moving average price of $38.10 and a 200 day moving average price of $40.43. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $58.27. The firm has a market cap of $5.66 billion, a PE ratio of 10.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business’s revenue was down 17.2% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.47 earnings per share 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.