Intech Investment Management LLC Decreases Holdings in Darling Ingredients Inc. $DAR

Intech Investment Management LLC trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 79.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,623 shares of the company’s stock after selling 129,477 shares during the quarter. Intech Investment Management LLC’s holdings in Darling Ingredients were worth $1,210,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Darling Ingredients in the 3rd quarter valued at $25,000. Leonteq Securities AG purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 681.5% in the 2nd 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 in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter valued at $37,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $59.42 on Friday. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 43.06 and a beta of 1.02. The company has a 50-day moving average price of $61.09 and a 200-day moving average price of $49.75. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted ($0.16) earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 4.68 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. TD Cowen upped their price objective on shares of Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Piper Sandler upped their price objective on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Profile

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.