Victory Capital Management Inc. Lowers Holdings in Darling Ingredients Inc. (NYSE:DAR)

Victory Capital Management Inc. decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 67.7% during the third quarter, HoldingsChannel.com reports. The firm owned 30,547 shares of the company’s stock after selling 64,149 shares during the quarter. Victory Capital Management Inc.’s holdings in Darling Ingredients were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in shares of Darling Ingredients by 117.1% in the third quarter. GSA Capital Partners LLP now owns 22,642 shares of the company’s stock worth $841,000 after buying an additional 12,213 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Darling Ingredients in the 3rd quarter valued at approximately $58,000. Atria Investments Inc boosted its stake in Darling Ingredients by 12.8% during the 3rd quarter. Atria Investments Inc now owns 22,345 shares of the company’s stock valued at $830,000 after purchasing an additional 2,536 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Darling Ingredients by 16.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,480 shares of the company’s stock worth $1,653,000 after purchasing an additional 6,220 shares in the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Darling Ingredients by 1.2% in the third quarter. Private Management Group Inc. now owns 812,433 shares of the company’s stock worth $30,190,000 after purchasing an additional 9,982 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAR shares. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $41.13 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $6.54 billion, a PE ratio of 25.38 and a beta of 1.23. The firm’s 50 day moving average price is $38.54 and its 200-day moving average price is $38.48. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share 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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. The firm’s revenue was down 12.5% on a year-over-year basis. Equities research analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current 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.