Natixis Advisors LLC Sells 27,680 Shares of Darling Ingredients Inc. $DAR

Natixis Advisors LLC lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 18.3% during the fourth quarter, HoldingsChannel reports. The fund owned 123,795 shares of the company’s stock after selling 27,680 shares during the quarter. Natixis Advisors LLC’s holdings in Darling Ingredients were worth $4,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DAR. Danske Bank A S bought a new position in Darling Ingredients during the third quarter worth $25,000. Allworth Financial LP increased its position in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares during the period. Leonteq Securities AG bought a new position in Darling Ingredients during the fourth quarter worth $35,000. Abich Financial Wealth Management LLC acquired a new stake in Darling Ingredients during the third quarter worth $37,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after buying an additional 886 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 2.0%

Shares of NYSE:DAR opened at $58.26 on Tuesday. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The company’s fifty day moving average is $61.08 and its 200-day moving average is $50.02. The company has a market capitalization of $9.26 billion, a PE ratio of 42.22 and a beta of 1.02.

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

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DAR. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Stephens lifted their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank lifted their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets lifted their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Darling Ingredients Profile

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.