Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 79.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,921 shares of the company’s stock after selling 169,107 shares during the period. Hsbc Holdings PLC’s holdings in Darling Ingredients were worth $1,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DAR. Franklin Resources Inc. lifted its stake in shares of Darling Ingredients by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 78,516 shares of the company’s stock valued at $3,913,000 after purchasing an additional 6,934 shares in the last quarter. Parallel Advisors LLC lifted its position in Darling Ingredients by 24.7% during the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after acquiring an additional 389 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Darling Ingredients by 129.5% during the 4th quarter. Allianz Asset Management GmbH now owns 132,018 shares of the company’s stock worth $6,580,000 after acquiring an additional 74,497 shares in the last quarter. TFO Wealth Partners LLC lifted its position in Darling Ingredients by 92,866.7% during the 4th quarter. TFO Wealth Partners LLC now owns 5,578 shares of the company’s stock worth $299,000 after acquiring an additional 5,572 shares in the last quarter. Finally, Evoke Wealth LLC acquired a new position in Darling Ingredients during the 4th quarter worth approximately $249,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $37.75 on Friday. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $53.06. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 11.30 and a beta of 1.24. The business has a 50 day simple moving average of $37.96 and a 200-day simple moving average of $40.10.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.45 earnings per share for the current year.

Insider Activity at Darling Ingredients

In related news, EVP Robert W. Day acquired 2,532 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DAR shares. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, June 12th. TD Cowen reduced their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Jefferies Financial Group dropped their price objective on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Scotiabank dropped their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.10.

About Darling Ingredients

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.