Darling Ingredients Inc. $DAR Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD cut its stake in Darling Ingredients Inc. (NYSE:DAR) by 45.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,353 shares of the company’s stock after selling 13,442 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Darling Ingredients were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DAR. Xponance Inc. raised its holdings in shares of Darling Ingredients by 2.0% in the first quarter. Xponance Inc. now owns 20,183 shares of the company’s stock worth $631,000 after buying an additional 393 shares during the last quarter. State of Michigan Retirement System raised its stake in Darling Ingredients by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 38,074 shares of the company’s stock worth $1,189,000 after acquiring an additional 400 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Darling Ingredients by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 44,600 shares of the company’s stock worth $1,393,000 after acquiring an additional 500 shares during the period. Vontobel Holding Ltd. grew its stake in Darling Ingredients by 3.3% during the 2nd quarter. Vontobel Holding Ltd. now owns 16,209 shares of the company’s stock valued at $615,000 after purchasing an additional 524 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Darling Ingredients by 11.6% in the second quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock valued at $201,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price objective on the stock. Zacks Research lowered shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Bank of America assumed coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 target price for the company. Finally, UBS Group set a $50.00 price target on shares of Darling Ingredients in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.11.

Darling Ingredients Stock Up 4.9%

DAR stock opened at $34.30 on Wednesday. The firm’s fifty day moving average is $31.97 and its 200 day moving average is $33.40. The firm has a market cap of $5.43 billion, a PE ratio of 51.19, a P/E/G ratio of 2.35 and a beta of 1.30. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. 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 (NYSE:DAR) last posted its earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $0.11 earnings per share. Darling Ingredients’s revenue was up 10.0% on a year-over-year basis. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the transaction, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is owned by company insiders.

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.