National Bank of Canada FI Sells 36,315 Shares of Darling Ingredients Inc. (NYSE:DAR)

National Bank of Canada FI lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 81.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,106 shares of the company's stock after selling 36,315 shares during the quarter. National Bank of Canada FI's holdings in Darling Ingredients were worth $301,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DAR. GAMMA Investing LLC grew its holdings in shares of Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock valued at $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC boosted its stake in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. increased its holdings in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after purchasing an additional 758 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock traded down $1.18 on Monday, reaching $33.90. 1,912,806 shares of the company traded hands, compared to its average volume of 2,188,671. The company has a 50 day moving average of $38.81 and a 200 day moving average of $37.94. 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 52 week low of $32.67 and a 52 week high of $51.12. The firm has a market capitalization of $5.39 billion, a PE ratio of 20.93 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients's revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the company posted $0.77 earnings per share. Equities analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share 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.