Holocene Advisors LP Sells 30,050 Shares of Darling Ingredients Inc. (NYSE:DAR)

Holocene Advisors LP cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,198 shares of the company's stock after selling 30,050 shares during the period. Holocene Advisors LP owned about 0.10% of Darling Ingredients worth $5,619,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on DAR shares. TD Cowen decreased their target price on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, September 13th. Piper Sandler lowered their price objective on 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. increased 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. Finally, Jefferies Financial Group upped their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients Price Performance

Shares of DAR stock traded down $0.97 during trading hours on Thursday, hitting $35.57. The stock had a trading volume of 2,125,421 shares, compared to its average volume of 2,189,124. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 22.56 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $51.36. The stock's 50-day moving average price is $38.97 and its two-hundred day moving average price is $38.26.

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

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.