Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Harrington Investments INC

Harrington Investments INC increased its stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,424 shares of the company’s stock after buying an additional 700 shares during the quarter. Harrington Investments INC’s holdings in Darling Ingredients were worth $536,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Darling Ingredients during the 1st quarter valued at about $25,000. GAMMA Investing LLC lifted its holdings 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. Riverview Trust Co purchased a new stake in Darling Ingredients in the first quarter valued at approximately $55,000. Quarry LP increased its holdings in Darling Ingredients by 893.8% in 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, V Square Quantitative Management LLC raised its position in Darling Ingredients by 56.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after buying an additional 724 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares in the company, valued at approximately $496,337.59. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DAR has been the topic of a number of research reports. Piper Sandler cut 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. TD Cowen dropped their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group dropped their price objective on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 7th. Finally, Scotiabank cut their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.70.

Get Our Latest Stock Analysis on DAR

Darling Ingredients Stock Down 0.6 %

DAR opened at $36.74 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The company has a market cap of $5.87 billion, a PE ratio of 11.00 and a beta of 1.24. The company has a 50-day moving average price of $37.63 and a 200 day moving average price of $39.38.

Darling Ingredients (NYSE:DARGet Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $1.55 earnings per share. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. Sell-side analysts expect that Darling Ingredients Inc. will post 2.26 earnings per share for the current fiscal year.

Darling Ingredients Company Profile

(Free Report)

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.

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

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