Darling Ingredients Inc. (NYSE:DAR) Stock Holdings Cut by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 18.8% in the third quarter, HoldingsChannel.com reports. The firm owned 30,289 shares of the company’s stock after selling 7,032 shares during the period. HighTower Advisors LLC’s holdings in Darling Ingredients were worth $1,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. GAMMA Investing LLC grew its holdings in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter worth $58,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after acquiring an additional 758 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Down 3.4 %

DAR stock opened at $33.90 on Tuesday. The firm has a market cap of $5.39 billion, a P/E ratio of 20.93 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.12. The business’s 50 day moving average is $38.81 and its 200-day moving average is $37.94.

Darling Ingredients (NYSE:DAR) last posted 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Equities analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group upped their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen lowered their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

About Darling Ingredients

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.