New York State Common Retirement Fund Has $19.99 Million Stock Position in Darling Ingredients Inc. $DAR

New York State Common Retirement Fund cut its position in Darling Ingredients Inc. (NYSE:DAR) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,815 shares of the company’s stock after selling 2,273 shares during the period. New York State Common Retirement Fund owned 0.33% of Darling Ingredients worth $19,987,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. boosted its holdings in shares of Darling Ingredients by 3.3% in the 2nd quarter. Vontobel Holding Ltd. now owns 16,209 shares of the company’s stock worth $615,000 after acquiring an additional 524 shares in the last quarter. AlphaQuest LLC raised its position in Darling Ingredients by 11.6% in the 2nd quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock valued at $201,000 after purchasing an additional 550 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after purchasing an additional 561 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Darling Ingredients by 5.2% in the second quarter. Central Pacific Bank Trust Division now owns 11,286 shares of the company’s stock valued at $428,000 after buying an additional 562 shares during the last quarter. Finally, Sprott Inc. raised its holdings in shares of Darling Ingredients by 9.9% in the first quarter. Sprott Inc. now owns 6,554 shares of the company’s stock valued at $205,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $36.76 on Tuesday. The stock has a market cap of $5.81 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.30. The stock has a 50-day moving average of $32.80 and a 200-day moving average of $33.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $42.15.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research report on Monday, November 3rd. Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Bank of America began coverage on Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective for the company. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.11.

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.