Darling Ingredients Inc. $DAR Stock: Fulcrum Asset Management LLP Trims Holdings

Fulcrum Asset Management LLP lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 48.4% during the third quarter, Holdings Channel.com reports. The firm owned 33,048 shares of the company’s stock after selling 31,018 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Darling Ingredients were worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Darling Ingredients in the second quarter worth $851,450,000. Deutsche Bank AG acquired a new stake in Darling Ingredients in the second quarter valued at $168,348,000. Bank of America Corp DE acquired a new stake in Darling Ingredients in the second quarter valued at $129,371,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Darling Ingredients during the 2nd quarter worth $118,952,000. Finally, Man Group plc purchased a new stake in shares of Darling Ingredients during the 2nd quarter worth $78,876,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $51.51 on Wednesday. The business has a 50 day moving average price of $60.50 and a 200 day moving average price of $58.60. The company has a market capitalization of $8.13 billion, a P/E ratio of 9.79 and a beta of 1.00. Darling Ingredients Inc. has a 1-year low of $31.81 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company posted $0.12 EPS. Sell-side analysts expect that Darling Ingredients Inc. will post 6.85 EPS for the current fiscal year.

Insider Activity

In related news, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the sale, the chief accounting officer directly owned 18,969 shares in the company, valued at $1,276,044.63. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick McNutt sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

DAR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 12th. Stephens reissued an “overweight” rating and set a $80.00 price objective on shares of Darling Ingredients in a report on Thursday, October 15th. Finally, TD Cowen upped their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

About Darling Ingredients

Darling Ingredients Inc. collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients. The company’s businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.