Federated Hermes Inc. Sells 5,490 Shares of Darling Ingredients Inc. (NYSE:DAR)

Federated Hermes Inc. lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 30.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,790 shares of the company’s stock after selling 5,490 shares during the period. Federated Hermes Inc.’s holdings in Darling Ingredients were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Caprock Group LLC increased its holdings in shares of Darling Ingredients by 4.3% in the first quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock worth $311,000 after purchasing an additional 277 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Darling Ingredients by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock valued at $1,171,000 after acquiring an additional 341 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Darling Ingredients by 9.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,290 shares of the company’s stock valued at $214,000 after acquiring an additional 371 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Darling Ingredients by 24.7% during the fourth quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after purchasing an additional 389 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Darling Ingredients by 1,412.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Scotiabank cut their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group cut their price objective on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.10.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $36.60 on Tuesday. The firm has a market cap of $5.85 billion, a PE ratio of 10.96 and a beta of 1.24. The company’s fifty day simple moving average is $38.03 and its two-hundred day simple moving average is $40.25. 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 12-month low of $32.67 and a 12-month high of $55.20.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results 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 quarter in the previous year, the business earned $1.55 EPS. Darling Ingredients’s revenue was down 17.2% compared to the same quarter last year. As a group, equities analysts expect that Darling Ingredients Inc. will post 2.47 EPS for the current year.

Insider Activity

In other Darling Ingredients news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction that occurred on 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 completion of the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.62% of the company’s stock.

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.