Darling Ingredients Inc. $DAR Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 34.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,657 shares of the company’s stock after selling 40,647 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Darling Ingredients were worth $2,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Hantz Financial Services Inc. increased its position in shares of Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares in the last quarter. Parallel Advisors LLC increased its holdings in Darling Ingredients by 45.0% in the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after buying an additional 674 shares during the last quarter. Hilltop National Bank acquired a new stake in Darling Ingredients in the second quarter valued at $106,000. Finally, GAMMA Investing LLC raised its stake in Darling Ingredients by 43.4% in the second quarter. GAMMA Investing LLC now owns 2,959 shares of the company’s stock valued at $112,000 after buying an additional 896 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 research analysts have recently commented on the company. Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Zacks Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Bank of America began coverage on shares of Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. UBS Group set a $50.00 target price on shares of Darling Ingredients in a report on Monday, November 3rd. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.33.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $34.35 on Friday. The stock has a market cap of $5.43 billion, a P/E ratio of 51.27, a P/E/G ratio of 2.59 and a beta of 1.29. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $42.15. The stock has a 50 day moving average of $34.08 and a two-hundred day moving average of $33.84. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last announced 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 2.39%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.