Versor Investments LP Has $520,000 Stake in Darling Ingredients Inc. $DAR

Versor Investments LP trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 69.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,700 shares of the company’s stock after selling 31,200 shares during the quarter. Versor Investments LP’s holdings in Darling Ingredients were worth $520,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after buying an additional 561 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Darling Ingredients in the 1st quarter worth about $30,000. Hexagon Capital Partners LLC raised its holdings in shares of Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after acquiring an additional 500 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Darling Ingredients by 45.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after acquiring an additional 674 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

NYSE DAR opened at $32.54 on Wednesday. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The company has a 50-day simple moving average of $32.09 and a 200 day simple moving average of $33.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The company has a market capitalization of $5.15 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 2.35 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $0.11 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Zacks Research lowered Darling Ingredients from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. UBS Group set a $50.00 price target on Darling Ingredients in a research report on Monday. JPMorgan Chase & Co. initiated coverage on Darling Ingredients in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price target for the company. Finally, Bank of America initiated coverage on shares of Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.11.

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.