Soros Fund Management LLC Reduces Position in Darling Ingredients Inc. (NYSE:DAR)

Soros Fund Management LLC trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 33.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,475 shares of the company's stock after selling 194,081 shares during the period. Soros Fund Management LLC owned 0.24% of Darling Ingredients worth $14,399,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. 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 report on Friday, September 13th. Jefferies Financial Group lifted their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Trading Down 0.3 %

Shares of NYSE:DAR traded down $0.10 during trading on Friday, reaching $35.47. The company's stock had a trading volume of 565,025 shares, compared to its average volume of 2,182,115. The stock has a market capitalization of $5.64 billion, a PE ratio of 21.96 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm's 50 day simple moving average is $38.96 and its two-hundred day simple moving average is $38.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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). The company had revenue of $1.42 billion during 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%. Darling Ingredients's revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. On average, research analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

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.