Natixis Advisors LLC Sells 10,140 Shares of Darling Ingredients Inc. (NYSE:DAR)

Natixis Advisors LLC lowered its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 104,269 shares of the company's stock after selling 10,140 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Darling Ingredients worth $3,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients in the 4th quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its holdings in Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after buying an additional 500 shares during the period. UMB Bank n.a. lifted its holdings in Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after buying an additional 1,373 shares during the period. GAMMA Investing LLC lifted its holdings in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after buying an additional 1,038 shares during the period. Finally, Spire Wealth Management lifted its holdings in Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after buying an additional 468 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Down 0.2%

Shares of NYSE:DAR traded down $0.06 during trading on Friday, hitting $30.63. The stock had a trading volume of 1,707,422 shares, compared to its average volume of 2,251,698. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a market capitalization of $4.85 billion, a PE ratio of 46.41 and a beta of 1.19. The firm's fifty day moving average is $35.23 and its 200 day moving average is $34.02. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DAR shares. Citigroup dropped their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Piper Sandler dropped their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Jefferies Financial Group increased their target price on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.86.

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.