Empowered Funds LLC Buys Shares of 7,702 Darling Ingredients Inc. (NYSE:DAR)

Empowered Funds LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,702 shares of the company’s stock, valued at approximately $286,000.

A number of other large investors have also modified their holdings of DAR. Tidal Investments LLC acquired a new stake in shares of Darling Ingredients in the first quarter valued at approximately $1,462,000. Swedbank AB bought a new stake in Darling Ingredients during the 1st quarter valued at $14,676,000. Community Trust & Investment Co. boosted its position in Darling Ingredients by 6.0% during the 1st quarter. Community Trust & Investment Co. now owns 179,416 shares of the company’s stock worth $8,345,000 after acquiring an additional 10,206 shares during the period. First Hawaiian Bank bought a new position in shares of Darling Ingredients in the second quarter worth $502,000. Finally, DNB Asset Management AS increased its holdings in shares of Darling Ingredients by 0.7% during the second quarter. DNB Asset Management AS now owns 1,178,568 shares of the company’s stock valued at $43,312,000 after purchasing an additional 8,499 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Darling Ingredients Stock Down 0.2 %

DAR stock opened at $40.05 on Tuesday. The firm has a market cap of $6.37 billion, a PE ratio of 24.72 and a beta of 1.23. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36. 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 has a 50 day simple moving average of $38.45 and a 200 day simple moving average of $38.52.

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