Natixis Advisors LLC Has $4.01 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Natixis Advisors LLC increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 23.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 107,913 shares of the company's stock after acquiring an additional 20,323 shares during the period. Natixis Advisors LLC owned 0.07% of Darling Ingredients worth $4,010,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% in the third 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 boosted its holdings in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. grew its position in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock valued at $38,000 after purchasing an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Darling Ingredients in the third quarter worth about $58,000. Finally, Farther Finance Advisors LLC lifted its position 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 last quarter. 94.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DAR. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. TD Cowen decreased their price target 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. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, Piper Sandler decreased their target price 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Price Performance

Shares of DAR traded down $1.03 during mid-day trading on Friday, reaching $40.13. The company had a trading volume of 2,463,156 shares, compared to its average volume of 2,196,437. The company's 50-day moving average is $38.45 and its 200-day moving average is $38.52. 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 company has a market capitalization of $6.38 billion, a P/E ratio of 24.77 and a beta of 1.23. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36.

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 analysts' consensus estimates of $0.40 by ($0.29). The company 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%. The firm's revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. On average, equities analysts anticipate 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.