Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 265,521 shares of the company’s stock after selling 3,106 shares during the quarter. Franklin Resources Inc.’s holdings in Darling Ingredients were worth $9,755,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the period. Signaturefd LLC grew its stake in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at $58,000. Finally, Farther Finance Advisors LLC boosted its holdings in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.7 %

Shares of DAR stock opened at $33.06 on Friday. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.12. The firm has a market capitalization of $5.26 billion, a P/E ratio of 20.41 and a beta of 1.19. The stock’s fifty day moving average is $38.61 and its two-hundred day moving average is $37.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Research analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Finally, Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $53.44.

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.