Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 173.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 830 shares of the company’s stock after buying an additional 527 shares during the quarter. GAMMA Investing LLC’s holdings in Darling Ingredients were worth $31,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DAR. Jennison Associates LLC lifted its position in shares of Darling Ingredients by 55.0% during the first quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock worth $72,683,000 after purchasing an additional 554,512 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Darling Ingredients by 34.8% during the 1st quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock worth $5,340,000 after buying an additional 29,660 shares in the last quarter. Overbrook Management Corp boosted its position in Darling Ingredients by 16.1% in the 1st quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock valued at $11,514,000 after buying an additional 34,300 shares during the period. Tidal Investments LLC acquired a new position in shares of Darling Ingredients in the first quarter worth $1,462,000. Finally, Nordea Investment Management AB increased its position in shares of Darling Ingredients by 6.1% during the first quarter. Nordea Investment Management AB now owns 668,413 shares of the company’s stock worth $31,188,000 after acquiring an additional 38,618 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

DAR stock opened at $38.32 on Friday. The firm has a 50 day moving average of $37.70 and a 200-day moving average of $39.22. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 11.47 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.36.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. Darling Ingredients’s revenue was down 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, equities analysts expect that Darling Ingredients Inc. will post 2.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the subject of a number of recent research reports. Scotiabank decreased their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Jefferies Financial Group decreased their price objective on Darling Ingredients from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 7th. TD Cowen cut their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Finally, Piper Sandler decreased their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.70.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average cost of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now owns 12,607 shares in the company, valued at approximately $496,337.59. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Company 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.