Mutual of America Capital Management LLC Sells 3,572 Shares of Darling Ingredients Inc. (NYSE:DAR)

Mutual of America Capital Management LLC cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,482 shares of the company’s stock after selling 3,572 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Darling Ingredients worth $3,362,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DAR. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 466 shares during the period. Rise Advisors LLC purchased a new stake in shares of Darling Ingredients during the first quarter worth about $25,000. Riverview Trust Co bought a new stake in shares of Darling Ingredients in the first quarter worth about $55,000. Parallel Advisors LLC raised its position in Darling Ingredients by 24.7% during the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after purchasing an additional 389 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Darling Ingredients by 56.9% in the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after buying an additional 724 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen reduced 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. Scotiabank dropped 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 raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research note 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 on the stock in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average target price of $60.10.

Darling Ingredients Stock Down 0.4 %

DAR stock opened at $36.60 on Tuesday. The business has a 50 day moving average of $38.03 and a 200 day moving average of $40.25. The firm has a market cap of $5.85 billion, a PE ratio of 10.96 and a beta of 1.24. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $55.20. 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 (NYSE:DAR) last issued its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business’s revenue was down 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Darling Ingredients

In related news, EVP Robert W. Day bought 2,532 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was acquired 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 approximately $496,337.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.62% of the stock is owned by insiders.

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.