Cerity Partners LLC Grows Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Cerity Partners LLC boosted its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 122.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 354,244 shares of the company's stock after purchasing an additional 194,917 shares during the period. Cerity Partners LLC owned about 0.22% of Darling Ingredients worth $13,164,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DAR. GAMMA Investing LLC increased its position in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company's stock valued at $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC raised its position in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock valued at $38,000 after acquiring an additional 288 shares during the period. Ashton Thomas Securities LLC bought a new position in Darling Ingredients in the third quarter valued at about $58,000. Finally, Farther Finance Advisors LLC increased its position in Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after purchasing an additional 758 shares during the period. 94.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen cut their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Piper Sandler cut 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. Finally, Jefferies Financial Group increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average target price of $53.44.

Darling Ingredients Price Performance

NYSE DAR traded up $0.89 during trading on Tuesday, hitting $40.93. 815,161 shares of the company's stock were exchanged, compared to its average volume of 2,164,960. The stock's 50 day moving average price is $38.54 and its two-hundred day moving average price is $38.48. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.51 billion, a PE ratio of 25.18 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share 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 company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The business's quarterly revenue was down 12.5% on a year-over-year basis. Research analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

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.