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

Amundi lowered its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 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 period. Amundi owned approximately 0.33% of Darling Ingredients worth $16,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after acquiring an additional 2,627,785 shares in the last quarter. Gates Capital Management Inc. grew its position in Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company's stock worth $247,282,000 after acquiring an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock worth $233,701,000 after acquiring an additional 1,026,958 shares in the last quarter. American Century Companies Inc. grew its position in Darling Ingredients by 155.5% in the first quarter. American Century Companies Inc. now owns 1,479,369 shares of the company's stock worth $46,215,000 after acquiring an additional 900,461 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Darling Ingredients in the fourth quarter worth about $16,939,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DAR. Piper Sandler dropped their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. Jefferies Financial Group boosted their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. began coverage on Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 target price for the company. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Insider Buying and Selling

In related 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.62% of the stock is owned by company insiders.

Darling Ingredients Trading Down 1.3%

Shares of Darling Ingredients stock traded down $0.40 on Friday, hitting $31.52. 1,517,381 shares of the company traded hands, compared to its average volume of 2,260,997. The stock's 50 day moving average price is $33.47 and its 200-day moving average price is $32.99. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The company has a market cap of $4.99 billion, a PE ratio of 47.75 and a beta of 1.16.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients Company Profile

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.