Darling Ingredients Inc. $DAR Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,250 shares of the company’s stock after selling 814 shares during the quarter. Inspire Investing LLC’s holdings in Darling Ingredients were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DAR. Gates Capital Management Inc. grew its position in shares of Darling Ingredients by 18.7% in the 1st quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after acquiring an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Darling Ingredients by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after acquiring an additional 1,026,958 shares in the last quarter. American Century Companies Inc. grew its position in shares of Darling Ingredients by 155.5% in the 1st quarter. American Century Companies Inc. now owns 1,479,369 shares of the company’s stock worth $46,215,000 after acquiring an additional 900,461 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Darling Ingredients by 548.4% in the 1st quarter. AQR Capital Management LLC now owns 635,351 shares of the company’s stock worth $19,588,000 after acquiring an additional 537,356 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new position in shares of Darling Ingredients in the 1st quarter worth approximately $14,651,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Up 0.2%

Shares of NYSE DAR opened at $31.61 on Thursday. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.22. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock’s 50 day simple moving average is $31.87 and its 200 day simple moving average is $33.00.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analysts Set New Price Targets

DAR has been the subject of several research reports. Piper Sandler decreased their target price on Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 28th. Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Jefferies Financial Group set a $42.00 price target on Darling Ingredients in a report on Wednesday, October 8th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.25.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.62% of the stock is owned by insiders.

Darling Ingredients Profile

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.