First Horizon Advisors Inc. Acquires 687 Shares of Darling Ingredients Inc. (NYSE:DAR)

First Horizon Advisors Inc. lifted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 42.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,304 shares of the company’s stock after purchasing an additional 687 shares during the quarter. First Horizon Advisors Inc.’s holdings in Darling Ingredients were worth $86,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Howe & Rusling Inc. boosted its position in Darling Ingredients by 24.4% during the third quarter. Howe & Rusling Inc. now owns 13,181 shares of the company’s stock valued at $490,000 after purchasing an additional 2,589 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Darling Ingredients by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock worth $40,635,000 after purchasing an additional 42,921 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of Darling Ingredients by 7.1% in the 3rd quarter. Caprock Group LLC now owns 11,110 shares of the company’s stock valued at $413,000 after buying an additional 738 shares during the last quarter. Corbyn Investment Management Inc. MD grew its stake in shares of Darling Ingredients by 1.6% in the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after buying an additional 455 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Darling Ingredients by 24.2% during the third quarter. Thrivent Financial for Lutherans now owns 91,958 shares of the company’s stock worth $3,417,000 after buying an additional 17,938 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE:DAR opened at $40.13 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $38.45 and a 200 day simple moving average of $38.52. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.36. The stock has a market cap of $6.38 billion, a P/E ratio of 24.77 and a beta of 1.23.

Darling Ingredients (NYSE:DAR) last released 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 net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company posted $0.77 earnings per share. The company’s revenue was down 12.5% on a year-over-year basis. Research analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

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

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.