Inspire Investing LLC Purchases 3,073 Shares of Darling Ingredients Inc. (NYSE:DAR)

Inspire Investing LLC raised its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,120 shares of the company’s stock after purchasing an additional 3,073 shares during the quarter. Inspire Investing LLC’s holdings in Darling Ingredients were worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the period. Signaturefd LLC boosted its stake in shares of Darling Ingredients by 75.0% during the 3rd 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. grew its position in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter worth $58,000. Finally, Farther Finance Advisors LLC raised its holdings in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Up 3.4 %

Shares of DAR opened at $36.13 on Friday. The firm has a market cap of $5.75 billion, a P/E ratio of 22.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39. The company has a 50 day simple moving average of $36.62 and a two-hundred day simple moving average of $37.54.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The business’s revenue was down 12.5% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler reduced their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. lifted 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. Finally, Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

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.