Ameritas Investment Partners Inc. Has $2 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Ameritas Investment Partners Inc. decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,385 shares of the company’s stock after selling 1,240 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Darling Ingredients were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC grew its stake in Darling Ingredients by 4.3% during the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after acquiring an additional 277 shares in the last quarter. Fisher Asset Management LLC grew its position in Darling Ingredients by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock valued at $1,171,000 after purchasing an additional 341 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Darling Ingredients by 9.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,290 shares of the company’s stock valued at $214,000 after buying an additional 371 shares during the period. Parallel Advisors LLC increased its stake in Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after buying an additional 389 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after buying an additional 466 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Robert W. Day purchased 2,532 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the acquisition, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. Scotiabank lowered their target price on 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 cut their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, TD Cowen reduced their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.10.

Darling Ingredients Stock Down 0.9 %

Shares of DAR stock opened at $36.75 on Friday. The stock’s 50 day simple moving average is $38.04 and its 200 day simple moving average is $40.32. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $56.34. 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 $5.87 billion, a price-to-earnings ratio of 11.00 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, research analysts predict that Darling Ingredients Inc. will post 2.47 EPS for the current 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.