31,275 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,275 shares of the company's stock, valued at approximately $1,162,000.

Several other institutional investors have also recently added to or reduced their stakes in DAR. GAMMA Investing LLC increased its holdings in shares of Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company's stock worth $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC increased its stake in 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. raised its holdings in shares of Darling Ingredients by 38.0% in 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 during the period. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at about $58,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Darling Ingredients by 69.2% during the 3rd 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 currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 2.7 %

Shares of Darling Ingredients stock traded down $0.97 during midday trading on Thursday, hitting $35.57. The company's stock had a trading volume of 2,125,314 shares, compared to its average volume of 2,189,124. 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 1-year low of $32.67 and a 1-year high of $51.36. The stock has a 50-day simple moving average of $38.97 and a 200-day simple moving average of $38.26. The firm has a market capitalization of $5.66 billion, a P/E ratio of 22.56 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly 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 return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $0.77 earnings per share. The company's revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAR. Piper Sandler reduced their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, TD Cowen lowered their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients 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.