Compagnie Lombard Odier SCmA Reduces Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Compagnie Lombard Odier SCmA trimmed its position in Darling Ingredients Inc. (NYSE:DAR) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,397 shares of the company’s stock after selling 832 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Darling Ingredients were worth $349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DAR. Vanguard Group Inc. lifted its position in shares of Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after buying an additional 232,583 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after buying an additional 1,800,809 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Darling Ingredients by 14.0% during the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock valued at $140,725,000 after buying an additional 470,170 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Darling Ingredients by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,738,450 shares of the company’s stock valued at $80,855,000 after buying an additional 50,867 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Darling Ingredients by 15.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock valued at $79,499,000 after buying an additional 213,763 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday. TD Cowen decreased their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Jefferies Financial Group decreased their target price on 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 decreased their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $55.70.

Darling Ingredients Stock Performance

NYSE:DAR opened at $36.98 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36. The stock’s 50 day simple moving average is $37.61 and its two-hundred day simple moving average is $39.45. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 11.07 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.26 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Robert W. Day bought 2,532 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, with a total value of $99,684.84. Following the transaction, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.62% of the company’s stock.

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.