Teachers Retirement System of The State of Kentucky decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 6.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 23,800 shares of the company’s stock after selling 1,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Darling Ingredients were worth $1,913,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DeDora Capital Inc. bought a new position in shares of Darling Ingredients during the 1st quarter valued at $26,000. Capital Analysts LLC purchased a new stake in Darling Ingredients in the 1st quarter worth $39,000. AllSquare Wealth Management LLC increased its stake in Darling Ingredients by 31.2% in the 1st quarter. AllSquare Wealth Management LLC now owns 576 shares of the company’s stock worth $46,000 after buying an additional 137 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Darling Ingredients by 61.1% in the 1st quarter. Quadrant Capital Group LLC now owns 572 shares of the company’s stock worth $46,000 after buying an additional 217 shares in the last quarter. Finally, Ellevest Inc. increased its stake in Darling Ingredients by 73.2% in the 1st quarter. Ellevest Inc. now owns 665 shares of the company’s stock worth $53,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on DAR. Robert W. Baird raised their price objective on Darling Ingredients from $100.00 to $109.00 in a research report on Thursday, August 11th. Piper Sandler raised their price objective on shares of Darling Ingredients from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 24th. Cowen decreased their price objective on shares of Darling Ingredients to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Scotiabank began coverage on shares of Darling Ingredients in a research note on Thursday, September 8th. They issued a “sector outperform” rating and a $101.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on shares of Darling Ingredients in a research note on Monday, September 12th. They issued a “buy” rating and a $101.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.22.
Darling Ingredients Price Performance
Darling Ingredients (NYSE:DAR – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 12.56% and a return on equity of 20.34%. Darling Ingredients’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Analysts forecast that Darling Ingredients Inc. will post 5.34 EPS for the current fiscal year.
Darling Ingredients Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.
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