Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Swedbank AB

Swedbank AB trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 56.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,101 shares of the company's stock after selling 30,419 shares during the period. Swedbank AB's holdings in Darling Ingredients were worth $858,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 527 shares in the last quarter. Signaturefd LLC raised its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients in the third quarter valued at $58,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after acquiring an additional 758 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DAR. Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a research note on Friday, September 13th. Finally, Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients Stock Down 1.4 %

NYSE:DAR traded down $0.59 during trading hours on Thursday, hitting $40.52. The company's stock had a trading volume of 1,033,123 shares, compared to its average volume of 2,166,418. The stock has a market capitalization of $6.44 billion, a P/E ratio of 25.04 and a beta of 1.23. The stock has a fifty day moving average of $38.75 and a 200-day moving average of $38.46. 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 Inc. has a 52-week low of $32.67 and a 52-week 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 the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion for 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 business's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. On average, equities analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share 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.