Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its holdings in Darling Ingredients Inc. (NYSE:DAR) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,960 shares of the company’s stock after selling 3,547 shares during the quarter. Truist Financial Corp’s holdings in Darling Ingredients were worth $2,054,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its holdings in Darling Ingredients by 5.7% in the third quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after acquiring an additional 289,407 shares during the period. FMR LLC lifted its holdings in Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after acquiring an additional 491,477 shares during the period. Geode Capital Management LLC lifted its holdings in Darling Ingredients by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after acquiring an additional 36,618 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC lifted its holdings in Darling Ingredients by 11.6% in the third quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after acquiring an additional 154,038 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 4.8 %

Shares of DAR stock opened at $36.69 on Thursday. The firm has a 50-day moving average price of $36.44 and a 200 day moving average price of $37.67. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 21.21 and a beta of 1.21. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on DAR shares. Citigroup cut their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.22.

Darling Ingredients Company 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.