Stifel Financial Corp Sells 117,733 Shares of Darling Ingredients Inc. (NYSE:DAR)

Stifel Financial Corp cut its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 16.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,767 shares of the company's stock after selling 117,733 shares during the period. Stifel Financial Corp owned approximately 0.38% of Darling Ingredients worth $22,547,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Systematic Financial Management LP bought a new stake in Darling Ingredients in the third quarter worth $476,000. Quantinno Capital Management LP boosted its holdings in Darling Ingredients by 12.2% in the third quarter. Quantinno Capital Management LP now owns 10,797 shares of the company's stock worth $401,000 after purchasing an additional 1,176 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Darling Ingredients in the third quarter worth $528,000. Point72 Asset Management L.P. boosted its holdings in Darling Ingredients by 209.2% in the third quarter. Point72 Asset Management L.P. now owns 495,424 shares of the company's stock worth $18,410,000 after purchasing an additional 335,173 shares in the last quarter. Finally, NFC Investments LLC boosted its holdings in Darling Ingredients by 0.8% in the third quarter. NFC Investments LLC now owns 479,004 shares of the company's stock worth $17,800,000 after purchasing an additional 3,983 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DAR shares. Piper Sandler decreased their price objective 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. TD Cowen decreased 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. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.44.

Darling Ingredients Stock Performance

DAR stock traded up $0.29 during trading on Monday, reaching $36.24. 3,770,613 shares of the stock were exchanged, compared to its average volume of 2,195,221. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The company has a market capitalization of $5.76 billion, a P/E ratio of 22.19 and a beta of 1.19. The stock has a 50 day simple moving average of $38.92 and a 200-day simple moving average of $38.14. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $0.77 earnings per share. The firm's quarterly revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current 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.