Red Door Wealth Management LLC Decreases Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Red Door Wealth Management LLC reduced its holdings in Darling Ingredients Inc. (NYSE:DAR) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,627 shares of the company’s stock after selling 375 shares during the quarter. Red Door Wealth Management LLC owned about 0.07% of Darling Ingredients worth $3,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its stake in shares of Darling Ingredients by 8.8% during the 4th quarter. Inspire Investing LLC now owns 38,120 shares of the company’s stock valued at $1,284,000 after purchasing an additional 3,073 shares in the last quarter. Janney Capital Management LLC lifted its holdings in Darling Ingredients by 28.2% in the fourth quarter. Janney Capital Management LLC now owns 8,631 shares of the company’s stock worth $291,000 after buying an additional 1,899 shares during the period. Perpetual Ltd lifted its holdings in Darling Ingredients by 2,200.7% in the fourth quarter. Perpetual Ltd now owns 477,225 shares of the company’s stock worth $16,078,000 after buying an additional 456,482 shares during the period. Ballentine Partners LLC boosted its position in Darling Ingredients by 19.8% during the 4th quarter. Ballentine Partners LLC now owns 11,355 shares of the company’s stock valued at $383,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Trium Capital LLP purchased a new position in shares of Darling Ingredients during the 4th quarter worth approximately $181,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Up 3.4 %

DAR stock opened at $36.13 on Friday. The firm has a market cap of $5.75 billion, a PE ratio of 22.30 and a beta of 1.21. The firm has a fifty day moving average price of $36.62 and a 200 day moving average price of $37.54. 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 Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $48.39.

Darling Ingredients (NYSE:DAR) last posted its 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). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was down 12.5% on a year-over-year basis. Sell-side analysts anticipate that Darling Ingredients Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DAR shares. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler lowered their target price 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.67.

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.