Leeward Investments LLC MA Sells 7,809 Shares of Darling Ingredients Inc. (NYSE:DAR)

Leeward Investments LLC MA lessened its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,822 shares of the company's stock after selling 7,809 shares during the period. Leeward Investments LLC MA owned about 0.14% of Darling Ingredients worth $6,961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Darling Ingredients in the 1st quarter valued at about $726,000. First Horizon Advisors Inc. grew its position in shares of Darling Ingredients by 23.8% in the 1st quarter. First Horizon Advisors Inc. now owns 3,735 shares of the company's stock valued at $117,000 after acquiring an additional 719 shares during the period. Unified Investment Management grew its position in shares of Darling Ingredients by 13.7% in the 1st quarter. Unified Investment Management now owns 25,386 shares of the company's stock valued at $793,000 after acquiring an additional 3,067 shares during the period. Red Door Wealth Management LLC grew its position in shares of Darling Ingredients by 17.9% in the 1st quarter. Red Door Wealth Management LLC now owns 137,550 shares of the company's stock valued at $4,297,000 after acquiring an additional 20,923 shares during the period. Finally, Peregrine Capital Management LLC grew its position in shares of Darling Ingredients by 16.5% in the 1st quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company's stock valued at $6,835,000 after acquiring an additional 30,952 shares during the period. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $39.45 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $6.24 billion, a P/E ratio of 36.87 and a beta of 1.23. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The firm has a 50-day moving average price of $34.47 and a two-hundred day moving average price of $34.02.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. Analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. TD Cowen decreased their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Finally, Robert W. Baird decreased their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

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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