Orion Capital Management LLC Sells 4,900 Shares of Darling Ingredients Inc. (NYSE:DAR)

Orion Capital Management LLC lowered its stake in Darling Ingredients Inc. (NYSE:DAR) by 43.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,440 shares of the company’s stock after selling 4,900 shares during the period. Orion Capital Management LLC’s holdings in Darling Ingredients were worth $321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $29,000. Stone House Investment Management LLC grew its stake in Darling Ingredients by 100.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in Darling Ingredients in the 3rd quarter valued at about $31,000. Catalyst Capital Advisors LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at about $31,000. Finally, Exchange Traded Concepts LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded up $0.37 on Wednesday, reaching $42.74. 1,271,231 shares of the stock were exchanged, compared to its average volume of 2,095,164. The firm has a market cap of $6.83 billion, a PE ratio of 12.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 4.20. The firm’s 50 day moving average is $44.04 and its 200-day moving average is $44.50. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. Darling Ingredients’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. As a group, analysts anticipate that Darling Ingredients Inc. will post 3.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on DAR shares. Citigroup increased their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Stephens decreased their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Scotiabank decreased their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus decreased their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.55.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel purchased 8,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the purchase, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.26% of the stock is owned by company 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.