Darling Ingredients Inc. (NYSE:DAR) Stock Position Decreased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,506 shares of the company’s stock after selling 580 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Darling Ingredients were worth $680,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DAR. Vanguard Group Inc. increased its stake in Darling Ingredients by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock worth $726,056,000 after purchasing an additional 232,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the period. Bank of New York Mellon Corp increased its position in shares of Darling Ingredients by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock worth $199,028,000 after acquiring an additional 851,886 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Darling Ingredients by 7.5% during the first quarter. Earnest Partners LLC now owns 3,359,095 shares of the company’s stock valued at $156,232,000 after acquiring an additional 234,907 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $92,661,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $36.95 on Wednesday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 11.06 and a beta of 1.24. The business has a 50-day moving average of $38.02 and a two-hundred day moving average of $40.20. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $55.20. 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 (NYSE:DAR) last posted its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $1.55 EPS. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. On average, equities research analysts predict that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DAR. Jefferies Financial Group lowered their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. Scotiabank reduced 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 lowered 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. One 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 company. According to MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $60.10.

Insider Buying and Selling

In other news, EVP Robert W. Day bought 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, 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 filing with the SEC, which is available at this hyperlink. 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.