Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 50.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 339,641 shares of the company’s stock after selling 345,618 shares during the quarter. Raymond James & Associates owned 0.21% of Darling Ingredients worth $12,621,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter. Blue Trust Inc. grew its position in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after buying an additional 288 shares during the last quarter. Quarry LP grew its holdings in shares of Darling Ingredients by 893.8% in the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after acquiring an additional 2,324 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Darling Ingredients during the 2nd quarter worth about $140,000. Finally, Covestor Ltd raised its stake in Darling Ingredients by 21.9% during the 1st quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after purchasing an additional 576 shares during the period. Institutional investors own 94.44% of the company’s stock.

Insider Activity

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 stock was acquired at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DAR shares. Scotiabank dropped their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Piper Sandler lowered their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group raised their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen decreased their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.90.

Darling Ingredients Price Performance

NYSE:DAR opened at $39.11 on Monday. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 11.71 and a beta of 1.24. The company has a 50-day moving average of $37.60 and a 200-day moving average of $38.87.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.26 earnings per share for the current fiscal year.

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.