Darling Ingredients Inc. (NYSE:DAR) Shares Sold by MAI Capital Management

MAI Capital Management decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,819 shares of the company’s stock after selling 1,744 shares during the period. MAI Capital Management’s holdings in Darling Ingredients were worth $811,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DAR. Tidal Investments LLC purchased a new stake in shares of Darling Ingredients in the first quarter valued at approximately $1,462,000. Vanguard Group Inc. lifted its holdings in Darling Ingredients by 1.5% in the first quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after acquiring an additional 232,583 shares during the period. Swedbank AB purchased a new stake in shares of Darling Ingredients during the 1st quarter worth $14,676,000. Quadrature Capital Ltd acquired a new position in shares of Darling Ingredients during the 1st quarter worth $1,062,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Darling Ingredients by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock valued at $50,210,000 after purchasing an additional 15,414 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Cowen lowered their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Price Performance

DAR stock opened at $41.16 on Friday. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $38.61. The firm has a market cap of $6.55 billion, a P/E ratio of 25.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, sell-side analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share 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.