Amalgamated Bank Has $3.67 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Amalgamated Bank lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,940 shares of the company’s stock after buying an additional 2,769 shares during the period. Amalgamated Bank owned about 0.06% of Darling Ingredients worth $3,673,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after acquiring an additional 1,800,809 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Darling Ingredients by 18.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 646,126 shares of the company’s stock worth $23,745,000 after purchasing an additional 100,758 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Darling Ingredients by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 502,779 shares of the company’s stock valued at $18,477,000 after purchasing an additional 43,420 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Darling Ingredients by 21.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 123,215 shares of the company’s stock valued at $4,528,000 after buying an additional 22,082 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Darling Ingredients during the second quarter worth $253,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Down 0.9 %

DAR opened at $36.75 on Monday. The stock has a market cap of $5.87 billion, a PE ratio of 11.00 and a beta of 1.24. 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 $56.34. The company has a fifty day moving average of $38.04 and a 200-day moving average of $40.30.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $1.55 EPS. The firm’s revenue was down 17.2% compared to the same quarter last year. On average, sell-side analysts predict that Darling Ingredients Inc. will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DAR. Jefferies Financial Group dropped their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, June 12th. Scotiabank lowered their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, TD Cowen reduced 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, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.10.

Insider Buying and Selling at Darling Ingredients

In related news, EVP Robert W. Day acquired 2,532 shares of Darling Ingredients stock in a transaction dated Wednesday, July 31st. The stock was bought 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 directly owns 12,607 shares in the company, valued at approximately $496,337.59. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.62% 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.