Toronto Dominion Bank Sells 222,180 Shares of Darling Ingredients Inc. (NYSE:DAR)

Toronto Dominion Bank cut its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 56.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,985 shares of the company’s stock after selling 222,180 shares during the period. Toronto Dominion Bank owned about 0.11% of Darling Ingredients worth $6,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Darling Ingredients by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 78,516 shares of the company’s stock valued at $3,913,000 after acquiring an additional 6,934 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Darling Ingredients by 63.0% in the 4th quarter. Hsbc Holdings PLC now owns 243,863 shares of the company’s stock worth $12,162,000 after purchasing an additional 94,269 shares during the period. Parallel Advisors LLC boosted its stake in shares of Darling Ingredients by 24.7% during the fourth quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after purchasing an additional 389 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Darling Ingredients by 129.5% during the fourth quarter. Allianz Asset Management GmbH now owns 132,018 shares of the company’s stock valued at $6,580,000 after buying an additional 74,497 shares during the period. Finally, TFO Wealth Partners LLC raised its stake in Darling Ingredients by 92,866.7% in the fourth quarter. TFO Wealth Partners LLC now owns 5,578 shares of the company’s stock worth $299,000 after buying an additional 5,572 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, June 12th. Scotiabank lowered their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, TD Cowen cut their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.10.

Darling Ingredients Stock Performance

DAR opened at $37.76 on Friday. The firm has a fifty day moving average price of $37.96 and a 200 day moving average price of $40.10. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $53.06. The stock has a market cap of $6.03 billion, a P/E ratio of 11.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. Darling Ingredients’s quarterly revenue was down 17.2% compared to the same quarter last year. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.45 earnings per share for the current year.

Insider Activity

In related news, EVP Robert W. Day purchased 2,532 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

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.