Amundi Sells 75,233 Shares of Darling Ingredients Inc. $DAR

Amundi lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 12.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,962 shares of the company's stock after selling 75,233 shares during the quarter. Amundi owned 0.33% of Darling Ingredients worth $16,385,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec grew its stake in shares of Darling Ingredients by 10.0% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 42,500 shares of the company's stock worth $1,328,000 after acquiring an additional 3,862 shares in the last quarter. Point72 Europe London LLP purchased a new position in Darling Ingredients during the first quarter worth about $2,446,000. Gates Capital Management Inc. boosted its holdings in Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company's stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. DRW Securities LLC purchased a new position in Darling Ingredients during the first quarter worth about $3,124,000. Finally, Harber Asset Management LLC boosted its holdings in Darling Ingredients by 10.4% during the first quarter. Harber Asset Management LLC now owns 258,567 shares of the company's stock worth $8,078,000 after purchasing an additional 24,354 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.07% of the stock is currently owned by company insiders.

Darling Ingredients Price Performance

DAR opened at $31.22 on Tuesday. The firm has a market cap of $4.94 billion, a P/E ratio of 47.30 and a beta of 1.16. The firm has a 50-day moving average of $34.06 and a 200 day moving average of $33.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. Darling Ingredients's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. On average, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird restated a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target on the stock. Piper Sandler reduced their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.57.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. 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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