Ritholtz Wealth Management cut its holdings in Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,991 shares of the company's stock after selling 700 shares during the period. Ritholtz Wealth Management's holdings in Darling Ingredients were worth $418,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of DAR. AllSquare Wealth Management LLC raised its position in Darling Ingredients by 31.2% in the first quarter. AllSquare Wealth Management LLC now owns 576 shares of the company's stock worth $46,000 after acquiring an additional 137 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its position in Darling Ingredients by 0.5% in the first quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 29,435 shares of the company's stock worth $2,366,000 after buying an additional 140 shares during the last quarter. First Bank & Trust raised its stake in shares of Darling Ingredients by 2.6% in the first quarter. First Bank & Trust now owns 5,707 shares of the company's stock valued at $459,000 after buying an additional 144 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Darling Ingredients by 61.1% during the 1st quarter. Quadrant Capital Group LLC now owns 572 shares of the company's stock valued at $46,000 after buying an additional 217 shares during the last quarter. Finally, Riverview Trust Co grew its stake in shares of Darling Ingredients by 19.4% during the 1st quarter. Riverview Trust Co now owns 1,400 shares of the company's stock worth $113,000 after acquiring an additional 227 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.
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Shares of NYSE:DAR opened at $66.55 on Tuesday. The company's fifty day moving average price is $72.47 and its 200-day moving average price is $73.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 0.96. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 15.88 and a beta of 1.20. Darling Ingredients Inc. has a one year low of $55.71 and a one year high of $87.59.
Darling Ingredients (NYSE:DAR – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.12). The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a net margin of 12.56% and a return on equity of 20.34%. The company's revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 5.34 earnings per share for the current fiscal year.Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Scotiabank initiated coverage on shares of Darling Ingredients in a report on Thursday, September 8th. They set a "sector outperform" rating and a $101.00 price objective on the stock. Raymond James boosted their target price on shares of Darling Ingredients from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 11th. Robert W. Baird raised their price target on Darling Ingredients from $100.00 to $109.00 in a report on Thursday, August 11th. Piper Sandler boosted their price objective on Darling Ingredients from $98.00 to $103.00 and gave the company an "overweight" rating in a research note on Wednesday, August 24th. Finally, Stifel Nicolaus began coverage on Darling Ingredients in a report on Monday, September 12th. They set a "buy" rating and a $101.00 target price for the company. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and a consensus price target of $98.22.
Darling Ingredients Company Profile
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Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.
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