Atria Investments Inc Acquires 2,536 Shares of Darling Ingredients Inc. (NYSE:DAR)

Atria Investments Inc raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,345 shares of the company’s stock after buying an additional 2,536 shares during the quarter. Atria Investments Inc’s holdings in Darling Ingredients were worth $830,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in Darling Ingredients in the first quarter valued at $1,462,000. Vanguard Group Inc. boosted its position in Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after acquiring an additional 232,583 shares in the last quarter. Swedbank AB purchased a new position in shares of Darling Ingredients during the 1st quarter worth approximately $14,676,000. Quadrature Capital Ltd bought a new position in shares of Darling Ingredients in the 1st quarter worth approximately $1,062,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Darling Ingredients in the 1st quarter valued at approximately $1,651,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Down 1.3 %

Shares of NYSE DAR opened at $42.49 on Tuesday. The firm’s 50 day moving average price is $37.76 and its 200-day moving average price is $38.59. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The company has a market cap of $6.76 billion, a PE ratio of 26.23 and a beta of 1.23.

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

Wall Street Analyst Weigh In

DAR has been the topic of several recent research reports. TD Cowen reduced their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Piper Sandler lowered their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus 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.