Darling Ingredients Inc. $DAR Holdings Decreased by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp trimmed its position in Darling Ingredients Inc. (NYSE:DAR) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,232 shares of the company’s stock after selling 12,268 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Darling Ingredients were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Danske Bank A S acquired a new position in Darling Ingredients during the 3rd quarter valued at approximately $25,000. Allworth Financial LP boosted its position in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients during the 4th quarter valued at approximately $29,000. Leonteq Securities AG acquired a new position in Darling Ingredients during the 4th quarter valued at approximately $35,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Darling Ingredients during the 4th quarter valued at approximately $36,000. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DAR. Jefferies Financial Group boosted their price target on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wall Street Zen lowered Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Stephens upped their price objective on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, TD Cowen upped their price objective on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insiders Place Their Bets

In related news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 1.6%

Shares of Darling Ingredients stock opened at $55.22 on Wednesday. The stock’s fifty day moving average is $60.47 and its 200-day moving average is $50.99. The firm has a market capitalization of $8.78 billion, a PE ratio of 40.01 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $66.02.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.Darling Ingredients’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.16) earnings per share. Equities analysts anticipate that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.