Spouting Rock Asset Management LLC Sells 2,662 Shares of Darling Ingredients Inc. (NYSE:DAR)

Spouting Rock Asset Management LLC lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DARGet Rating) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,722 shares of the company’s stock after selling 2,662 shares during the period. Darling Ingredients accounts for approximately 3.1% of Spouting Rock Asset Management LLC’s holdings, making the stock its 6th biggest position. Spouting Rock Asset Management LLC’s holdings in Darling Ingredients were worth $3,930,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ellevest Inc. grew its stake in shares of Darling Ingredients by 362.7% in the fourth quarter. Ellevest Inc. now owns 384 shares of the company’s stock valued at $27,000 after acquiring an additional 301 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Darling Ingredients in the third quarter worth about $41,000. First Horizon Advisors Inc. increased its position in shares of Darling Ingredients by 2,733.3% during the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $46,000 after acquiring an additional 492 shares in the last quarter. Sageworth Trust Co of South Dakota purchased a new position in shares of Darling Ingredients during the 4th quarter worth $49,000. Finally, CWM LLC bought a new stake in Darling Ingredients in the 4th quarter valued at $52,000. 92.17% of the stock is owned by institutional investors.

In other Darling Ingredients news, EVP Rick A. Elrod sold 54,413 shares of the stock in a transaction on Monday, March 21st. The stock was sold at an average price of $76.04, for a total transaction of $4,137,564.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Bullock sold 5,872 shares of the business’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $82.67, for a total value of $485,438.24. The disclosure for this sale can be found here. Insiders sold 61,005 shares of company stock valued at $4,679,904 in the last 90 days. Company insiders own 2.62% of the company’s stock.

Shares of DAR stock traded down $1.39 on Thursday, hitting $71.86. 1,763,428 shares of the stock traded hands, compared to its average volume of 1,391,917. The company’s fifty day moving average is $76.95 and its 200 day moving average is $72.02. Darling Ingredients Inc. has a 1-year low of $58.70 and a 1-year high of $87.43. The company has a market capitalization of $11.61 billion, a PE ratio of 18.35 and a beta of 1.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.45 and a quick ratio of 0.84.

Darling Ingredients (NYSE:DARGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.14. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. Darling Ingredients had a return on equity of 20.29% and a net margin of 13.73%. Darling Ingredients’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. As a group, equities research analysts expect that Darling Ingredients Inc. will post 5.2 EPS for the current year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Raymond James boosted their price target on shares of Darling Ingredients from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 2nd. Roth Capital restated a “buy” rating on shares of Darling Ingredients in a research note on Monday, March 14th. Piper Sandler reduced their target price on shares of Darling Ingredients from $107.00 to $97.00 in a research note on Tuesday, January 25th. Finally, Stephens boosted their price objective on shares of Darling Ingredients from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $95.82.

About Darling Ingredients (Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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