Victory Capital Management Inc. Decreases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Victory Capital Management Inc. lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 67.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,547 shares of the company’s stock after selling 64,149 shares during the period. Victory Capital Management Inc.’s holdings in Darling Ingredients were worth $1,135,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake 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 valued at $38,000 after acquiring an additional 288 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Darling Ingredients by 2.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after purchasing an additional 310 shares during the period. Signaturefd LLC raised its position in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in Darling Ingredients by 11.1% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock worth $184,000 after buying an additional 496 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of 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 buying an additional 527 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 2.7 %

NYSE:DAR opened at $41.13 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm’s 50-day moving average price is $38.54 and its 200-day moving average price is $38.48. The company has a market capitalization of $6.54 billion, a PE ratio of 25.38 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 announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $0.77 EPS. Darling Ingredients’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. TD Cowen reduced their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Piper Sandler dropped their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.44.

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.