Daiwa Securities Group Inc. Trims Position in Darling Ingredients Inc. (NYSE:DAR)

Daiwa Securities Group Inc. decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 15.5% during the second quarter, HoldingsChannel reports. The firm owned 57,200 shares of the company’s stock after selling 10,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Darling Ingredients were worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Caprock Group LLC boosted its holdings in shares of Darling Ingredients by 4.3% in the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after buying an additional 277 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Darling Ingredients by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock worth $1,171,000 after purchasing an additional 341 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Darling Ingredients by 9.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,290 shares of the company’s stock worth $214,000 after purchasing an additional 371 shares in the last quarter. Parallel Advisors LLC boosted its stake in Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after purchasing an additional 389 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

DAR has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Jefferies Financial Group lowered their target price on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Scotiabank dropped their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. TD Cowen cut their price objective 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. Finally, Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $60.10.

Insiders Place Their Bets

In related news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased 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 owns 12,607 shares of the company’s stock, valued at $496,337.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Price Performance

Shares of DAR opened at $35.20 on Friday. The business’s 50-day moving average is $38.15 and its two-hundred day moving average is $40.61. The company has a market capitalization of $5.60 billion, a P/E ratio of 10.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $60.05.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. Research analysts predict that Darling Ingredients Inc. will post 2.47 earnings per share for the current 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.