Unified Investment Management Sells 16,500 Shares of Darling Ingredients Inc. $DAR

Unified Investment Management lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 66.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,505 shares of the company’s stock after selling 16,500 shares during the quarter. Unified Investment Management’s holdings in Darling Ingredients were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its holdings in Darling Ingredients by 0.9% in the third quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock worth $1,639,000 after buying an additional 460 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Darling Ingredients by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock valued at $2,772,000 after acquiring an additional 514 shares in the last quarter. Vontobel Holding Ltd. boosted 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. AlphaQuest LLC increased its holdings in shares of Darling Ingredients by 11.6% in the 2nd quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock worth $201,000 after purchasing an additional 550 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after purchasing an additional 561 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DAR has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Darling Ingredients from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Finally, Piper Sandler cut their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Darling Ingredients Trading Up 0.8%

Shares of NYSE:DAR opened at $39.40 on Tuesday. The stock has a 50 day moving average of $35.46 and a 200 day moving average of $34.00. The company has a market cap of $6.23 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 0.42 and a beta of 1.25. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $42.15. 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 issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. Darling Ingredients’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS 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.