Daiwa Securities Group Inc. Trims Position in Darling Ingredients Inc. (NYSE:DAR)

Daiwa Securities Group Inc. decreased its position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 11.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 196,500 shares of the company’s stock after selling 24,300 shares during the period. Daiwa Securities Group Inc. owned 0.12% of Darling Ingredients worth $10,257,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DAR. HighTower Advisors LLC raised its stake in Darling Ingredients by 97.9% during the first quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock worth $1,133,000 after purchasing an additional 6,999 shares during the period. Bank of Montreal Can raised its stake in Darling Ingredients by 20.4% during the first quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock worth $1,697,000 after purchasing an additional 3,563 shares during the period. Acadian Asset Management LLC purchased a new position in Darling Ingredients during the first quarter worth approximately $141,000. Panagora Asset Management Inc. purchased a new position in Darling Ingredients during the first quarter worth approximately $447,000. Finally, Great West Life Assurance Co. Can raised its stake in Darling Ingredients by 8.2% during the first quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock worth $7,366,000 after purchasing an additional 6,770 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Activity

In other news, EVP Robert W. Day purchased 1,950 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $41.77 per share, for a total transaction of $81,451.50. Following the completion of the acquisition, the executive vice president now directly owns 3,930 shares of the company’s stock, valued at $164,156.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Robert W. Day acquired 1,950 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $41.77 per share, with a total value of $81,451.50. Following the completion of the transaction, the executive vice president now owns 3,930 shares of the company’s stock, valued at approximately $164,156.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick Mcnutt acquired 1,200 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $41.88 per share, for a total transaction of $50,256.00. Following the completion of the transaction, the executive vice president now directly owns 13,947 shares of the company’s stock, valued at approximately $584,100.36. The disclosure for this purchase can be found here. Insiders have bought 16,288 shares of company stock worth $715,604 over the last 90 days. 2.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on DAR. BMO Capital Markets cut their target price on shares of Darling Ingredients from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Jefferies Financial Group decreased their price target on shares of Darling Ingredients from $85.00 to $81.00 and set a “buy” rating for the company in a report on Monday, October 9th. Piper Sandler reduced their target price on shares of Darling Ingredients from $97.00 to $89.00 and set an “overweight” rating for the company in a research note on Tuesday, October 10th. Stifel Nicolaus reduced their target price on shares of Darling Ingredients from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, November 27th. Finally, Tudor, Pickering, Holt & Co. downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.78.

Read Our Latest Research Report on DAR

Darling Ingredients Stock Down 1.6 %

NYSE DAR opened at $44.03 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.78 and a quick ratio of 0.99. The company’s 50 day simple moving average is $46.14 and its 200 day simple moving average is $53.31. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The company has a market capitalization of $7.02 billion, a P/E ratio of 9.96 and a beta of 1.31.

Darling Ingredients (NYSE:DARGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.11). Darling Ingredients had a net margin of 10.37% and a return on equity of 17.53%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. Equities research analysts expect that Darling Ingredients Inc. will post 4.43 earnings per share for the current fiscal year.

About Darling Ingredients

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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