Toronto Dominion Bank Cuts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Toronto Dominion Bank trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 37.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,585 shares of the company's stock after selling 64,400 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Darling Ingredients worth $3,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. State Street Corp boosted its stake in Darling Ingredients by 5.7% during the third quarter. State Street Corp now owns 5,357,815 shares of the company's stock worth $199,096,000 after buying an additional 289,407 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company's stock worth $192,445,000 after acquiring an additional 1,800,809 shares during the period. Earnest Partners LLC boosted its position in shares of Darling Ingredients by 14.0% during the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company's stock valued at $140,725,000 after acquiring an additional 470,170 shares during the last quarter. FMR LLC grew its holdings in shares of Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after purchasing an additional 491,477 shares during the period. Finally, Geode Capital Management LLC increased its position in Darling Ingredients by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock worth $101,830,000 after purchasing an additional 36,618 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 3.4 %

Shares of NYSE DAR traded down $1.18 during mid-day trading on Monday, reaching $33.90. The company had a trading volume of 1,912,806 shares, compared to its average volume of 2,188,671. The firm has a 50 day simple moving average of $38.88 and a two-hundred day simple moving average of $37.98. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.12. 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 stock has a market cap of $5.39 billion, a P/E ratio of 20.92 and a beta of 1.19.

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). 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 analysts' expectations of $1.48 billion. During the same period in the previous year, the business posted $0.77 EPS. The business's revenue for the quarter was down 12.5% compared to the same quarter last year. Sell-side analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the topic of several recent analyst reports. Piper Sandler decreased 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. Jefferies Financial Group upped their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. TD Cowen cut their target price on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average price target of $53.44.

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.