Corbyn Investment Management Inc. MD Lowers Position in Darling Ingredients Inc. $DAR

Corbyn Investment Management Inc. MD reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 45.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,353 shares of the company’s stock after selling 13,442 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Darling Ingredients were worth $620,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DAR. Hantz Financial Services Inc. grew its stake in shares of Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after buying an additional 561 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Darling Ingredients in the 1st quarter valued at approximately $30,000. Parallel Advisors LLC increased its position in shares of Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after purchasing an additional 674 shares during the last quarter. Hilltop National Bank purchased a new stake in Darling Ingredients during the 2nd quarter valued at $106,000. Finally, GAMMA Investing LLC boosted its stake in Darling Ingredients by 43.4% during the second quarter. GAMMA Investing LLC now owns 2,959 shares of the company’s stock worth $112,000 after buying an additional 896 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Price Performance

DAR opened at $34.30 on Wednesday. The firm has a market capitalization of $5.43 billion, a PE ratio of 51.19, 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 current ratio of 1.50 and a quick ratio of 0.89. The business’s 50-day moving average is $31.97 and its two-hundred day moving average is $33.40. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price objective for the company. Robert W. Baird reiterated a “neutral” rating and issued a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Zacks Research downgraded Darling Ingredients from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.11.

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.