Janney Capital Management LLC Has $291,000 Stake in Darling Ingredients Inc. (NYSE:DAR)

Janney Capital Management LLC increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,631 shares of the company’s stock after buying an additional 1,899 shares during the quarter. Janney Capital Management LLC’s holdings in Darling Ingredients were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of Darling Ingredients by 6.8% in the second quarter. American Century Companies Inc. now owns 49,590 shares of the company’s stock worth $1,822,000 after purchasing an additional 3,161 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Darling Ingredients by 5.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,666 shares of the company’s stock worth $649,000 after buying an additional 971 shares in the last quarter. Intech Investment Management LLC increased its holdings in Darling Ingredients by 280.5% in the 2nd quarter. Intech Investment Management LLC now owns 32,359 shares of the company’s stock valued at $1,189,000 after buying an additional 23,855 shares during the period. Sei Investments Co. raised its position in shares of Darling Ingredients by 4.1% in the 2nd quarter. Sei Investments Co. now owns 236,427 shares of the company’s stock valued at $8,689,000 after buying an additional 9,215 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Darling Ingredients by 34.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 199,695 shares of the company’s stock worth $7,339,000 after acquiring an additional 51,454 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.3 %

Shares of DAR stock opened at $34.97 on Thursday. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The stock’s fifty day simple moving average is $36.62 and its 200 day simple moving average is $37.54. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.56 billion, a P/E ratio of 21.58 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company earned $0.77 EPS. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on DAR. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.44.

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.