Mutual of America Capital Management LLC Trims Holdings in Darling Ingredients Inc. (NYSE:DAR)

Mutual of America Capital Management LLC lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,946 shares of the company’s stock after selling 5,536 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Darling Ingredients worth $3,194,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DAR. Tidal Investments LLC acquired a new stake in shares of Darling Ingredients in the 1st quarter valued at about $1,462,000. Swedbank AB acquired a new stake in shares of Darling Ingredients during the 1st quarter valued at approximately $14,676,000. Quadrature Capital Ltd acquired a new position in Darling Ingredients in the first quarter worth $1,062,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Darling Ingredients by 1.1% during the second 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 during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Darling Ingredients by 21.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 123,215 shares of the company’s stock valued at $4,528,000 after purchasing an additional 22,082 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $40.07 on Friday. The firm’s 50-day simple moving average is $38.35 and its 200 day simple moving average is $38.63. The stock has a market cap of $6.37 billion, a P/E ratio of 24.73 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Darling Ingredients 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.