Mutual of America Capital Management LLC Decreases Position in Darling Ingredients Inc. $DAR

Mutual of America Capital Management LLC lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,653 shares of the company’s stock after selling 3,206 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Darling Ingredients were worth $2,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC purchased a new position in Darling Ingredients in the 1st quarter worth $30,000. Hexagon Capital Partners LLC raised its position in Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC raised its position in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares during the period. Parallel Advisors LLC raised its position in Darling Ingredients by 45.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after purchasing an additional 674 shares during the period. Finally, Hilltop National Bank purchased a new position in Darling Ingredients in the 2nd quarter worth $106,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Activity

In related news, CEO Randall C. Stuewe sold 35,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is owned by corporate insiders.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $34.53 on Friday. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. 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 company’s 50-day moving average is $32.07 and its 200 day moving average is $33.08. The stock has a market capitalization of $5.46 billion, a P/E ratio of 51.54, a P/E/G ratio of 2.09 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last announced its quarterly 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 net margin of 1.84% and a return on equity of 2.41%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. Darling Ingredients’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DAR. JPMorgan Chase & Co. began 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 on the stock. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Friday. Finally, Bank of America began coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Darling Ingredients Company 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.