Retirement Systems of Alabama Decreases Stake in Darling Ingredients Inc. (NYSE:DAR)

Retirement Systems of Alabama lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 40.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,176 shares of the company's stock after selling 132,032 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Darling Ingredients worth $7,178,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DAR. GAMMA Investing LLC lifted its position in shares of Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC raised its stake in shares of 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 period. Blue Trust Inc. lifted 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 bought a new position in Darling Ingredients in the 3rd quarter worth about $58,000. Finally, Farther Finance Advisors LLC grew its holdings in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after buying an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DAR shares. TD Cowen cut 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 report on Friday, September 13th. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. boosted their price target 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, Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients Price Performance

NYSE DAR traded down $1.63 during trading hours on Wednesday, reaching $33.69. 2,904,296 shares of the stock traded hands, compared to its average volume of 2,195,849. The stock has a 50 day simple moving average of $38.78 and a two-hundred day simple moving average of $37.90. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.12. 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 cap of $5.36 billion, a price-to-earnings ratio of 20.80 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results 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). The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm's quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. On average, analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal 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.