Guinness Atkinson Asset Management Inc Has $134,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Guinness Atkinson Asset Management Inc decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,968 shares of the company’s stock after selling 992 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Darling Ingredients were worth $134,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. lifted 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 worth $38,000 after buying an additional 288 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Darling Ingredients in the 3rd quarter valued at $58,000. Finally, Farther Finance Advisors LLC grew its position in Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after acquiring an additional 758 shares during the period. 94.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler dropped their price objective 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Price Performance

Shares of DAR stock opened at $36.70 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.66 and a beta of 1.21. The firm’s 50 day moving average is $37.02 and its 200-day moving average is $37.57. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. Sell-side analysts forecast that Darling Ingredients Inc. will post 1.75 EPS for the current fiscal year.

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.