MIdWestOne Financial Group Inc. Sells 16,604 Shares of Darling Ingredients Inc. $DAR

MIdWestOne Financial Group Inc. decreased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 17.3% during the 4th quarter, Holdings Channel reports. The firm owned 79,578 shares of the company’s stock after selling 16,604 shares during the quarter. MIdWestOne Financial Group Inc.’s holdings in Darling Ingredients were worth $2,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Coldstream Capital Management Inc. lifted its holdings in shares of Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after purchasing an additional 267 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Darling Ingredients by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock valued at $1,508,000 after purchasing an additional 304 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Darling Ingredients by 1.3% during the fourth quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock valued at $875,000 after purchasing an additional 318 shares during the last quarter. Union Bancaire Privee UBP SA lifted its holdings in shares of Darling Ingredients by 1.7% during the fourth quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock valued at $731,000 after purchasing an additional 342 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Darling Ingredients by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,331 shares of the company’s stock valued at $48,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 2.8%

NYSE:DAR opened at $56.94 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.03 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. The company has a market cap of $9.05 billion, a PE ratio of 41.26 and a beta of 1.02. The company has a 50 day simple moving average of $60.93 and a two-hundred day simple moving average of $50.55.

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

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction that occurred 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 completion of the sale, the chief accounting officer 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DAR shares. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Scotiabank raised their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, UBS Group raised their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.