CFO4Life Group LLC Has $6.58 Million Holdings in Darling Ingredients Inc. $DAR

CFO4Life Group LLC lessened its position in Darling Ingredients Inc. (NYSE:DAR) by 4.9% in the third quarter, HoldingsChannel.com reports. The fund owned 213,212 shares of the company’s stock after selling 11,083 shares during the period. Darling Ingredients comprises about 1.0% of CFO4Life Group LLC’s portfolio, making the stock its 28th biggest holding. CFO4Life Group LLC’s holdings in Darling Ingredients were worth $6,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in shares of Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Darling Ingredients during the 3rd quarter valued at $29,000. Abich Financial Wealth Management LLC bought a new position in Darling Ingredients during the third quarter worth $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of Darling Ingredients by 681.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Darling Ingredients by 138.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after purchasing an additional 877 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Up 1.3%

Shares of DAR opened at $51.64 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $52.88. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 132.41, a PEG ratio of 0.59 and a beta of 1.27. The business’s fifty day moving average is $41.27 and its 200-day moving average is $35.75.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a report on Friday, February 13th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Robert W. Baird set a $64.00 price target on Darling Ingredients in a report on Friday, February 13th. Piper Sandler boosted their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Scotiabank reiterated an “outperform” rating and set a $61.00 price objective on shares of Darling Ingredients in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $55.60.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.