Darling Ingredients Inc. (NYSE:DAR) Stake Lowered by Yacktman Asset Management LP

Yacktman Asset Management LP trimmed its stake in Darling Ingredients Inc. (NYSE:DAR) by 14.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,605,869 shares of the company’s stock after selling 276,965 shares during the quarter. Yacktman Asset Management LP owned approximately 1.01% of Darling Ingredients worth $59,674,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DAR. GAMMA Investing LLC boosted its stake in Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares during the period. Signaturefd LLC grew its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares during the period. Finally, Quarry LP lifted its holdings in Darling Ingredients by 893.8% in the second quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after purchasing an additional 2,324 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 1.0 %

Shares of Darling Ingredients stock opened at $39.80 on Tuesday. The stock has a 50-day simple moving average of $37.59 and a 200-day simple moving average of $38.72. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 24.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The business’s revenue was down 12.5% on a year-over-year basis. On average, equities research analysts expect that Darling Ingredients Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DAR. Scotiabank lowered their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. TD Cowen cut their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

About Darling Ingredients

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.