Guinness Atkinson Asset Management Inc Has $113,000 Holdings in Darling Ingredients Inc. $DAR

Guinness Atkinson Asset Management Inc decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 14.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,976 shares of the company’s stock after selling 496 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Darling Ingredients were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DAR. GAMMA Investing LLC grew its position in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after purchasing an additional 1,038 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Darling Ingredients by 54.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,552 shares of the company’s stock valued at $486,000 after buying an additional 5,451 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Darling Ingredients by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company’s stock valued at $581,000 after buying an additional 470 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock valued at $88,000 after buying an additional 468 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Darling Ingredients by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock worth $953,000 after acquiring an additional 4,933 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $34.53 on Monday. The business’s fifty day simple moving average is $32.07 and its 200 day simple moving average is $33.14. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The firm has a market capitalization of $5.46 billion, a P/E ratio of 51.54, a price-to-earnings-growth ratio of 2.08 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

DAR has been the topic of several recent research reports. Baird R W cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 target price on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Darling Ingredients in a research report on Friday. Finally, UBS Group restated a “buy” rating and set a $58.00 price objective on shares of Darling Ingredients in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares in the company, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.07% of the company’s stock.

About Darling Ingredients

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.