Farther Finance Advisors LLC Purchases 758 Shares of Darling Ingredients Inc. (NYSE:DAR)

Farther Finance Advisors LLC grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 69.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,854 shares of the company’s stock after acquiring an additional 758 shares during the quarter. Farther Finance Advisors LLC’s holdings in Darling Ingredients were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC grew its stake in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. increased its position in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares in the last quarter. Quarry LP grew its holdings in Darling Ingredients by 893.8% during the second quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after buying an additional 2,324 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $140,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE DAR opened at $42.66 on Wednesday. The business’s fifty day moving average price is $37.53 and its 200-day moving average price is $38.61. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.91. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 26.33 and a beta of 1.23. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.36.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was down 12.5% on a year-over-year basis. On average, equities analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. TD Cowen lowered their price target 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. Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.44.

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.