Thrivent Financial for Lutherans Sells 17,600 Shares of Darling Ingredients Inc. $DAR

Thrivent Financial for Lutherans trimmed its position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 24.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,070 shares of the company’s stock after selling 17,600 shares during the period. Thrivent Financial for Lutherans’ holdings in Darling Ingredients were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DAR. DAVENPORT & Co LLC increased its stake in shares of Darling Ingredients by 0.9% in the third quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock worth $1,639,000 after purchasing an additional 460 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Darling Ingredients by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock worth $2,772,000 after buying an additional 514 shares during the period. AlphaQuest LLC boosted its holdings in Darling Ingredients by 11.6% in the 2nd quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock worth $201,000 after buying an additional 550 shares during the period. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Darling Ingredients by 1.4% during the third quarter. Arizona State Retirement System now owns 46,801 shares of the company’s stock worth $1,445,000 after acquiring an additional 647 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAR. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Jefferies Financial Group reissued a “buy” rating on shares of Darling Ingredients in a report on Friday. TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Robert W. Baird set a $62.00 price objective on Darling Ingredients and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.88.

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Darling Ingredients News Roundup

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Darling Ingredients Stock Up 1.4%

Shares of NYSE:DAR opened at $50.30 on Friday. The firm has a fifty day moving average of $40.04 and a 200 day moving average of $35.23. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $51.19. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The firm has a market capitalization of $7.96 billion, a PE ratio of 128.97, a price-to-earnings-growth ratio of 0.58 and a beta of 1.27.

Darling Ingredients (NYSE:DARGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.38% and a net margin of 1.02%. As a group, research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Profile

(Free Report)

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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