Quantinno Capital Management LP Has $401,000 Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Quantinno Capital Management LP lifted its position in Darling Ingredients Inc. (NYSE:DAR) by 12.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,797 shares of the company’s stock after buying an additional 1,176 shares during the quarter. Quantinno Capital Management LP’s holdings in Darling Ingredients were worth $401,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC lifted its position in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients during the third quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC grew its position in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DAR shares. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler cut their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $35.08 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market capitalization of $5.58 billion, a P/E ratio of 21.65 and a beta of 1.19. The business has a 50-day moving average of $38.88 and a two-hundred day moving average of $37.98. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its earnings results 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). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company earned $0.77 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities research analysts predict 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.