Cigna Investments Inc. New Sells 850 Shares of Darling Ingredients Inc. (NYSE:DAR)

Cigna Investments Inc. New cut its stake in Darling Ingredients Inc. (NYSE:DAR) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,954 shares of the company’s stock after selling 850 shares during the quarter. Cigna Investments Inc. New’s holdings in Darling Ingredients were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Darling Ingredients by 0.4% in the first quarter. Arizona State Retirement System now owns 47,178 shares of the company’s stock worth $3,471,000 after acquiring an additional 209 shares during the period. Ossiam grew its stake in shares of Darling Ingredients by 5.0% in the first quarter. Ossiam now owns 4,472 shares of the company’s stock worth $329,000 after acquiring an additional 212 shares during the period. Mid Atlantic Financial Management Inc. ADV grew its stake in shares of Darling Ingredients by 5.0% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 5,048 shares of the company’s stock worth $341,000 after acquiring an additional 242 shares during the period. Creative Planning grew its stake in shares of Darling Ingredients by 3.9% in the second quarter. Creative Planning now owns 6,825 shares of the company’s stock worth $461,000 after acquiring an additional 256 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Darling Ingredients by 23.9% in the second quarter. Parallel Advisors LLC now owns 1,558 shares of the company’s stock worth $105,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 92.20% of the company’s stock.

A number of equities analysts recently issued reports on DAR shares. started coverage on shares of Darling Ingredients in a report on Wednesday, June 9th. They issued a “buy” rating and a $110.00 price objective on the stock. Piper Sandler raised their price objective on shares of Darling Ingredients from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, June 18th. Stephens lifted their price target on shares of Darling Ingredients from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, August 12th. Citigroup began coverage on shares of Darling Ingredients in a report on Wednesday, June 9th. They set a “buy” rating on the stock. Finally, Credit Suisse Group lifted their price target on shares of Darling Ingredients from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 12th. Thirteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Buy” and an average target price of $87.77.

In other news, CEO Randall C. Stuewe sold 70,000 shares of the business’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $76.09, for a total transaction of $5,326,300.00. Following the completion of the sale, the chief executive officer now directly owns 652,773 shares of the company’s stock, valued at $49,669,497.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F. Sterling sold 10,000 shares of the business’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $76.51, for a total transaction of $765,100.00. Following the sale, the executive vice president now directly owns 275,703 shares of the company’s stock, valued at $21,094,036.53. The disclosure for this sale can be found here. Insiders own 2.52% of the company’s stock.

Shares of DAR opened at $72.92 on Wednesday. The company’s fifty day moving average is $72.19 and its 200 day moving average is $71.28. Darling Ingredients Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $79.65. The stock has a market capitalization of $11.82 billion, a PE ratio of 24.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.48.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Monday, August 9th. The company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.35. Darling Ingredients had a net margin of 12.01% and a return on equity of 17.49%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The business’s revenue was up 41.2% compared to the same quarter last year. As a group, research analysts forecast that Darling Ingredients Inc. will post 3.75 earnings per share for the current year.

Darling Ingredients Profile

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.

Recommended Story: What are momentum indicators and what do they show?

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.