Raiffeisen Bank International AG Trims Stake in Darling Ingredients Inc. $DAR

Raiffeisen Bank International AG trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 435,578 shares of the company’s stock after selling 9,931 shares during the period. Raiffeisen Bank International AG’s holdings in Darling Ingredients were worth $16,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Vontobel Holding Ltd. lifted its holdings in shares of Darling Ingredients by 3.3% in the second quarter. Vontobel Holding Ltd. now owns 16,209 shares of the company’s stock valued at $615,000 after purchasing an additional 524 shares in the last quarter. AlphaQuest LLC raised its position in shares of Darling Ingredients by 11.6% during the 2nd quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock worth $201,000 after buying an additional 550 shares in the last quarter. Hantz Financial Services Inc. lifted its position in 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. Central Pacific Bank Trust Division lifted its holdings in shares of Darling Ingredients by 5.2% during the second quarter. Central Pacific Bank Trust Division now owns 11,286 shares of the company’s stock worth $428,000 after buying an additional 562 shares during the last quarter. Finally, Sprott Inc. increased its stake in Darling Ingredients by 9.9% in the first quarter. Sprott Inc. now owns 6,554 shares of the company’s stock valued at $205,000 after acquiring an additional 591 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAR has been the subject of a number of recent analyst reports. Zacks Research downgraded Darling Ingredients from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Jefferies Financial Group raised their price objective on Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Bank of America started coverage on shares of Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. Finally, Piper Sandler cut their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.11.

Darling Ingredients Trading Up 0.2%

NYSE:DAR opened at $34.70 on Monday. The firm has a 50-day simple moving average of $32.14 and a 200-day simple moving average of $33.45. 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 Inc. has a one year low of $26.00 and a one year high of $43.49. The firm has a market cap of $5.49 billion, a P/E ratio of 51.79, a P/E/G ratio of 2.35 and a beta of 1.30.

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