Nisa Investment Advisors LLC Sells 759 Shares of Darling Ingredients Inc. (NYSE:DAR)

Nisa Investment Advisors LLC trimmed its stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,353 shares of the company’s stock after selling 759 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Darling Ingredients were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Trium Capital LLP raised its position in shares of Darling Ingredients by 217.7% during the first quarter. Trium Capital LLP now owns 17,107 shares of the company’s stock worth $534,000 after acquiring an additional 11,722 shares during the last quarter. Yacktman Asset Management LP increased its holdings in Darling Ingredients by 1.8% in the first quarter. Yacktman Asset Management LP now owns 1,582,461 shares of the company’s stock worth $49,436,000 after purchasing an additional 28,643 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Darling Ingredients by 8.6% in the first quarter. Envestnet Asset Management Inc. now owns 562,130 shares of the company’s stock worth $17,561,000 after purchasing an additional 44,281 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares in the last quarter. Finally, Lightrock Netherlands B.V. increased its holdings in Darling Ingredients by 37.0% in the first quarter. Lightrock Netherlands B.V. now owns 336,807 shares of the company’s stock worth $10,539,000 after purchasing an additional 90,965 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DAR shares. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Robert W. Baird lowered their target price on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Citigroup lowered their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Finally, Tudor Pickering raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.14.

View Our Latest Stock Analysis on Darling Ingredients

Darling Ingredients Trading Down 1.1%

Shares of Darling Ingredients stock opened at $35.61 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The stock has a 50 day moving average price of $35.21 and a two-hundred day moving average price of $34.22. The stock has a market capitalization of $5.63 billion, a PE ratio of 33.28 and a beta of 1.23.

Darling Ingredients (NYSE:DARGet Free Report) last announced its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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