Victory Capital Management Inc. Has $1.14 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Victory Capital Management Inc. reduced its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 67.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,547 shares of the company's stock after selling 64,149 shares during the period. Victory Capital Management Inc.'s holdings in Darling Ingredients were worth $1,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Tidal Investments LLC acquired a new position in shares of Darling Ingredients during the 1st quarter worth about $1,462,000. Swedbank AB acquired a new position in shares of Darling Ingredients during the 1st quarter worth about $14,676,000. Community Trust & Investment Co. increased its stake in shares of Darling Ingredients by 6.0% during the 1st quarter. Community Trust & Investment Co. now owns 179,416 shares of the company's stock worth $8,345,000 after purchasing an additional 10,206 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Darling Ingredients during the 2nd quarter worth about $502,000. Finally, DNB Asset Management AS increased its stake in shares of Darling Ingredients by 0.7% during the 2nd quarter. DNB Asset Management AS now owns 1,178,568 shares of the company's stock worth $43,312,000 after purchasing an additional 8,499 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on DAR. TD Cowen reduced their target price 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 shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Piper Sandler reduced their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.44.

Darling Ingredients Stock Performance

NYSE DAR traded down $0.55 during trading on Wednesday, reaching $40.56. The company's stock had a trading volume of 1,033,117 shares, compared to its average volume of 2,166,418. 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 has a market capitalization of $6.45 billion, a price-to-earnings ratio of 25.39 and a beta of 1.23. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36. The firm has a 50 day moving average price of $38.65 and a 200 day moving average price of $38.44.

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 analysts' consensus estimates of $0.40 by ($0.29). The business 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%. The business's revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. As a group, equities analysts anticipate 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.