Darling Ingredients Inc. $DAR Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 436,114 shares of the company’s stock after selling 6,312 shares during the period. Rhumbline Advisers’ holdings in Darling Ingredients were worth $16,546,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DAR. Hantz Financial Services Inc. grew its stake in Darling Ingredients by 609.8% during the 2nd 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 bought a new position in shares of Darling Ingredients in the first quarter valued at approximately $30,000. Parallel Advisors LLC increased its position in shares of Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after purchasing an additional 674 shares during the period. Hilltop National Bank bought a new stake in Darling Ingredients in the second quarter worth about $106,000. Finally, GAMMA Investing LLC raised its holdings in shares of Darling Ingredients by 43.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,959 shares of the company’s stock worth $112,000 after purchasing an additional 896 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Up 0.0%

Darling Ingredients stock opened at $36.61 on Friday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $42.15. 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 firm has a market cap of $5.79 billion, a PE ratio of 54.64, a P/E/G ratio of 2.35 and a beta of 1.30. The firm’s 50 day moving average price is $32.69 and its two-hundred day moving average price is $33.55.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s 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 fiscal year.

Analysts Set New Price Targets

DAR has been the subject of several research reports. Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price target on the stock. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, UBS Group set a $50.00 target price on Darling Ingredients in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.11.

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.