Yacktman Asset Management LP Sells 3,957 Shares of Darling Ingredients Inc. $DAR

Yacktman Asset Management LP cut its stake in Darling Ingredients Inc. (NYSE:DAR) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,578,504 shares of the company’s stock after selling 3,957 shares during the quarter. Yacktman Asset Management LP owned about 1.00% of Darling Ingredients worth $59,888,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DAR. GAMMA Investing LLC raised its holdings in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Darling Ingredients in the 1st quarter worth about $726,000. Envestnet Asset Management Inc. increased its stake in shares of Darling Ingredients by 8.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 562,130 shares of the company’s stock worth $17,561,000 after acquiring an additional 44,281 shares in the last quarter. Trium Capital LLP increased its stake in shares of Darling Ingredients by 217.7% in the 1st quarter. Trium Capital LLP now owns 17,107 shares of the company’s stock worth $534,000 after acquiring an additional 11,722 shares in the last quarter. Finally, CFO4Life Group LLC increased its stake in shares of Darling Ingredients by 2.7% in the 1st quarter. CFO4Life Group LLC now owns 243,479 shares of the company’s stock worth $7,606,000 after acquiring an additional 6,449 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $32.27 on Thursday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company’s 50-day moving average is $32.05 and its 200 day moving average is $33.32. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 2.35 and a beta of 1.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

DAR has been the subject of several research reports. Baird R W lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Piper Sandler decreased their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Zacks Research lowered shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Robert W. Baird reiterated a “neutral” rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Finally, Jefferies Financial Group increased their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $44.11.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.62% of the stock is currently owned by insiders.

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.