Wells Fargo & Company MN reduced its stake in shares of Darling Ingredients Inc (NYSE:DAR) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 811,834 shares of the company’s stock after selling 4,540 shares during the quarter. Wells Fargo & Company MN’s holdings in Darling Ingredients were worth $15,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DAR. Bowling Portfolio Management LLC acquired a new position in Darling Ingredients during the third quarter worth about $201,000. MAI Capital Management purchased a new stake in shares of Darling Ingredients in the second quarter valued at about $242,000. Russell Investments Group Ltd. purchased a new stake in shares of Darling Ingredients in the third quarter valued at about $348,000. Connable Office Inc. lifted its holdings in shares of Darling Ingredients by 30.2% in the second quarter. Connable Office Inc. now owns 18,247 shares of the company’s stock valued at $363,000 after purchasing an additional 4,234 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Darling Ingredients in the second quarter valued at about $692,000. Institutional investors own 99.10% of the company’s stock.

Shares of NYSE DAR opened at $21.46 on Thursday. Darling Ingredients Inc has a 12-month low of $16.26 and a 12-month high of $22.38. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 89.42 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.72.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). Darling Ingredients had a net margin of 4.78% and a return on equity of 5.36%. The business had revenue of $812.58 million during the quarter, compared to analysts’ expectations of $859.52 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts predict that Darling Ingredients Inc will post 0.92 EPS for the current fiscal year.

Several analysts have issued reports on DAR shares. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. BMO Capital Markets upped their price target on shares of Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.25.

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Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

See Also: Depreciation

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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