UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 41,033 Shares of Darling Ingredients Inc. (NYSE:DAR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,051 shares of the company's stock after selling 41,033 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of Darling Ingredients worth $20,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Red Door Wealth Management LLC lifted its stake in shares of Darling Ingredients by 15.0% during the 2nd quarter. Red Door Wealth Management LLC now owns 90,841 shares of the company's stock worth $3,338,000 after buying an additional 11,869 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $140,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $196,000. Lecap Asset Management Ltd. acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $1,307,000. Finally, Access Investment Management LLC lifted its stake in shares of Darling Ingredients by 641.8% during the 2nd quarter. Access Investment Management LLC now owns 268,055 shares of the company's stock worth $9,851,000 after buying an additional 231,920 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DAR. Piper Sandler cut their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. TD Cowen dropped their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded up $0.37 during midday trading on Friday, hitting $35.94. The stock had a trading volume of 2,052,425 shares, compared to its average volume of 2,188,545. The company's 50-day moving average price is $38.92 and its 200-day moving average price is $38.20. The company has a market capitalization of $5.72 billion, a P/E ratio of 22.19 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. 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 issued its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, equities research analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal 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.