Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Darling Ingredients Inc. (NYSE:DAR) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,015 shares of the company’s stock after buying an additional 310 shares during the period. Nisa Investment Advisors LLC’s holdings in Darling Ingredients were worth $446,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the period. Signaturefd LLC increased its stake in Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. increased its stake in 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 purchasing an additional 288 shares in the last quarter. Quarry LP raised its holdings in Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after buying an additional 2,324 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Darling Ingredients during the second quarter valued at about $140,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DAR. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen cut 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 note on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Scotiabank dropped their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Finally, Piper Sandler decreased 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Stock Up 0.6 %

Shares of Darling Ingredients stock opened at $40.03 on Wednesday. The stock has a 50-day simple moving average of $37.56 and a 200-day simple moving average of $38.70. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 24.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $0.77 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities research analysts expect that Darling Ingredients Inc. will post 1.89 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.