Inspire Investing LLC Trims Stake in Darling Ingredients Inc. (NYSE:DAR)

Inspire Investing LLC lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,918 shares of the company’s stock after selling 4,764 shares during the period. Inspire Investing LLC’s holdings in Darling Ingredients were worth $1,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thomist Capital Management LP acquired a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $5,127,000. First Washington CORP raised its position in Darling Ingredients by 5.1% during the second quarter. First Washington CORP now owns 136,213 shares of the company’s stock worth $5,006,000 after acquiring an additional 6,580 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Darling Ingredients by 5.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,666 shares of the company’s stock valued at $649,000 after purchasing an additional 971 shares in the last quarter. Amalgamated Bank grew its position in shares of Darling Ingredients by 2.8% in the second quarter. Amalgamated Bank now owns 99,940 shares of the company’s stock valued at $3,673,000 after purchasing an additional 2,769 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after purchasing an additional 1,800,809 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE:DAR opened at $37.10 on Friday. The company’s 50-day moving average is $38.07 and its two-hundred day moving average is $40.38. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $56.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 11.11 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data 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 company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. Analysts forecast that Darling Ingredients Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average price of $39.37 per share, with a total value of $99,684.84. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Scotiabank decreased 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. Jefferies Financial Group lowered their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. TD Cowen reduced their price objective 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. Finally, Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.10.

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.