Candriam S.C.A. Sells 8,374 Shares of Darling Ingredients Inc. $DAR

Key Points

• Candriam S.C.A. reduced its stake in Darling Ingredients Inc. by 9.0%, selling 8,374 shares and now holding 84,303 shares valued at approximately $2.63 million.
• Darling Ingredients reported a Q2 earnings miss with an EPS of $0.09, falling short of the estimated $0.12, and recorded $1.48 billion in revenue, slightly below analyst expectations.
• The stock has seen a rise of 9.3% in trading, with a current market cap of $5.50 billion and a price target consensus of $43.57 among analysts.

Candriam S.C.A. cut its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,303 shares of the company's stock after selling 8,374 shares during the quarter. Candriam S.C.A. owned 0.05% of Darling Ingredients worth $2,634,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Credit Agricole S A raised its position in Darling Ingredients by 28.0% in the first quarter. Credit Agricole S A now owns 155,514 shares of the company's stock valued at $4,858,000 after purchasing an additional 34,009 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in Darling Ingredients in the first quarter valued at about $244,000. Maven Securities LTD raised its position in Darling Ingredients by 328.9% in the first quarter. Maven Securities LTD now owns 32,168 shares of the company's stock valued at $1,005,000 after purchasing an additional 24,668 shares during the last quarter. Northern Trust Corp raised its position in Darling Ingredients by 10.6% in the first quarter. Northern Trust Corp now owns 1,550,422 shares of the company's stock valued at $48,435,000 after purchasing an additional 148,074 shares during the last quarter. Finally, Versor Investments LP bought a new position in Darling Ingredients in the first quarter valued at about $1,403,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Up 9.3%

NYSE DAR opened at $34.7780 on Friday. The business has a 50 day simple moving average of $35.16 and a 200 day simple moving average of $33.71. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The stock has a market capitalization of $5.50 billion, a P/E ratio of 52.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

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

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. This trade represents 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. 2.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of analyst reports. TD Cowen lowered their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Robert W. Baird restated a "neutral" rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Jefferies Financial Group raised their price objective on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.57.

Darling Ingredients 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.

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