GAMMA Investing LLC Grows Holdings in Darling Ingredients Inc. (NYSE:DAR)

GAMMA Investing LLC lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 173.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 830 shares of the company’s stock after acquiring an additional 527 shares during the quarter. GAMMA Investing LLC’s holdings in Darling Ingredients were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DAR. Rise Advisors LLC acquired a new position in Darling Ingredients in the 1st quarter worth about $25,000. Riverview Trust Co purchased a new position in shares of Darling Ingredients during the 1st quarter valued at approximately $55,000. Quarry LP lifted its position in shares of Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after buying an additional 2,324 shares in the last quarter. Covestor Ltd grew its stake in Darling Ingredients by 21.9% in the 1st quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after acquiring an additional 576 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Darling Ingredients by 31,754.5% in the 1st quarter. Manchester Capital Management LLC now owns 3,504 shares of the company’s stock worth $163,000 after acquiring an additional 3,493 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DAR has been the topic of several recent analyst reports. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. TD Cowen decreased their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Jefferies Financial Group cut their price objective on Darling Ingredients from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 7th. Finally, Scotiabank reduced their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.70.

Insiders Place Their Bets

In other news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now directly owns 12,607 shares in the company, valued at approximately $496,337.59. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.62% of the stock is owned by insiders.

Darling Ingredients Trading Up 3.0 %

Shares of Darling Ingredients stock opened at $38.32 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $37.70 and its 200-day simple moving average is $39.22. The stock has a market cap of $6.12 billion, a P/E ratio of 11.47 and a beta of 1.24. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.36.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. Analysts predict that Darling Ingredients Inc. will post 2.26 EPS for the current fiscal 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.