Daiwa Securities Group Inc. Sells 10,500 Shares of Darling Ingredients Inc. (NYSE:DAR)

Daiwa Securities Group Inc. trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,200 shares of the company’s stock after selling 10,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Darling Ingredients were worth $2,102,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC lifted its holdings in Darling Ingredients by 10.9% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 12,285 shares of the company’s stock valued at $451,000 after purchasing an additional 1,206 shares in the last quarter. LGT Group Foundation lifted its holdings in Darling Ingredients by 11.2% during the second quarter. LGT Group Foundation now owns 34,582 shares of the company’s stock valued at $1,271,000 after purchasing an additional 3,493 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Darling Ingredients by 8.8% during the second quarter. Texas Permanent School Fund Corp now owns 151,765 shares of the company’s stock valued at $5,577,000 after purchasing an additional 12,249 shares in the last quarter. Choreo LLC purchased a new position in Darling Ingredients during the second quarter valued at approximately $215,000. Finally, Private Management Group Inc. lifted its holdings in Darling Ingredients by 52.8% during the second quarter. Private Management Group Inc. now owns 802,451 shares of the company’s stock valued at $29,490,000 after purchasing an additional 277,261 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAR has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Jefferies Financial Group lowered their target price on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 26th. TD Cowen lowered their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday. Scotiabank lowered their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $60.10.

Insider Activity

In other news, EVP Robert W. Day bought 2,532 shares of Darling Ingredients stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average price of $39.37 per share, with a total value of $99,684.84. Following the completion of the purchase, the executive vice president now owns 12,607 shares in the company, valued at approximately $496,337.59. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.62% of the company’s stock.

Darling Ingredients Price Performance

DAR stock opened at $35.20 on Friday. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $60.05. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $38.15 and a two-hundred day simple moving average of $40.61. The firm has a market capitalization of $5.60 billion, a P/E ratio of 10.53 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last announced 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 net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. Analysts anticipate that Darling Ingredients Inc. will post 2.47 earnings per share for the current fiscal 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.