Advantage Alpha Capital Partners LP Trims Holdings in Darling Ingredients Inc. (NYSE:DAR)

Advantage Alpha Capital Partners LP cut its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 20.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,960 shares of the company’s stock after selling 42,240 shares during the quarter. Darling Ingredients makes up about 1.4% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 22nd biggest position. Advantage Alpha Capital Partners LP owned about 0.10% of Darling Ingredients worth $6,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Dimensional Fund Advisors LP lifted its position in shares of Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Darling Ingredients by 14.0% in the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after buying an additional 470,170 shares in the last quarter. FMR LLC grew its stake in shares of Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after buying an additional 491,477 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Darling Ingredients by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock worth $50,210,000 after buying an additional 15,414 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Darling Ingredients by 0.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company’s stock valued at $44,741,000 after acquiring an additional 6,200 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 0.2 %

Shares of Darling Ingredients stock opened at $40.05 on Tuesday. The stock has a 50 day moving average of $38.45 and a 200 day moving average of $38.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 24.72 and a beta of 1.23. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAR. TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price objective 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 decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.44.

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.