Thrivent Financial for Lutherans Acquires 17,938 Shares of Darling Ingredients Inc. (NYSE:DAR)

Thrivent Financial for Lutherans raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 24.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,958 shares of the company’s stock after buying an additional 17,938 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Darling Ingredients worth $3,417,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Darling Ingredients by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after buying an additional 310 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the period. Guinness Atkinson Asset Management Inc grew its position in Darling Ingredients by 11.1% during the third quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock worth $184,000 after buying an additional 496 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after acquiring an additional 527 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Darling Ingredients Trading Down 0.2 %

Shares of NYSE DAR opened at $40.05 on Tuesday. The stock has a market cap of $6.37 billion, a P/E ratio of 24.72 and a beta of 1.23. The firm has a 50 day moving average price of $38.45 and a two-hundred day moving average price of $38.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its earnings results 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). 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 period in the prior year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities analysts forecast that Darling Ingredients Inc. will post 1.88 EPS 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.