Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in Darling Ingredients Inc. (NYSE:DAR) by 20.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,524 shares of the company’s stock after selling 61,730 shares during the period. Leeward Investments LLC MA’s holdings in Darling Ingredients were worth $8,864,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the last quarter. Signaturefd LLC boosted 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 acquiring an additional 386 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after acquiring an additional 758 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of 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 acquiring an additional 2,324 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DAR has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Scotiabank lowered their price target on 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. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Finally, Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Price Performance

NYSE:DAR opened at $40.36 on Friday. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $6.42 billion, a P/E ratio of 24.91 and a beta of 1.23. The stock’s fifty day moving average is $37.49 and its two-hundred day moving average is $38.72.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. Darling Ingredients’s revenue for the quarter was down 12.5% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

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.