Advantage Alpha Capital Partners LP Sells 42,240 Shares of Darling Ingredients Inc. (NYSE:DAR)

Advantage Alpha Capital Partners LP lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 20.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,960 shares of the company's stock after selling 42,240 shares during the period. Darling Ingredients makes up approximately 1.4% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 22nd largest position. Advantage Alpha Capital Partners LP owned about 0.10% of Darling Ingredients worth $6,130,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company's stock worth $192,445,000 after purchasing an additional 1,800,809 shares in the last quarter. Earnest Partners LLC raised its position in shares of Darling Ingredients by 14.0% in the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company's stock valued at $140,725,000 after buying an additional 470,170 shares in the last quarter. FMR LLC boosted its position in shares of Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company's stock worth $123,528,000 after acquiring an additional 491,477 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Darling Ingredients by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company's stock worth $50,210,000 after acquiring an additional 15,414 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Darling Ingredients by 0.5% in the third quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company's stock worth $44,741,000 after acquiring an additional 6,200 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Up 2.7 %

Shares of Darling Ingredients stock traded up $1.07 during midday trading on Tuesday, reaching $41.11. The company had a trading volume of 2,257,394 shares, compared to its average volume of 2,171,363. The firm has a market cap of $6.54 billion, a PE ratio of 25.38 and a beta of 1.23. The stock has a fifty day moving average price of $38.54 and a 200 day moving average price of $38.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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). 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 the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The company's revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAR has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. TD Cowen reduced their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus target price 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.