CFO4Life Group LLC Trims Stock Holdings in Darling Ingredients Inc. $DAR

CFO4Life Group LLC reduced its holdings in Darling Ingredients Inc. by 7.9% in Q2, now owning 224,295 shares worth $8.51 million. Several other institutional investors also modified their holdings. Darling Ingredients reported Q2 earnings of $0.12 per share, missing estimates by $0.01, with revenue of $1.56 billion. The stock has an average rating of 'Moderate Buy' with a price target of $44.11.

CFO4Life Group LLC reduced its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,295 shares of the company's stock after selling 19,184 shares during the period. Darling Ingredients accounts for about 1.3% of CFO4Life Group LLC's investment portfolio, making the stock its 19th largest position. CFO4Life Group LLC owned about 0.14% of Darling Ingredients worth $8,510,000 at the end of the most recent reporting period.

Darling Ingredients In Buy Range After Q2 Earnings Report

Several other institutional investors and hedge funds have also modified their holdings of DAR. Hantz Financial Services Inc. grew its stake in Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company's stock worth $25,000 after acquiring an additional 561 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in Darling Ingredients in the 1st quarter worth about $30,000. Parallel Advisors LLC grew its holdings in Darling Ingredients by 45.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company's stock valued at $82,000 after buying an additional 674 shares during the period. Hilltop National Bank acquired a new position in shares of Darling Ingredients during the 2nd quarter valued at about $106,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Darling Ingredients by 43.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,959 shares of the company's stock worth $112,000 after acquiring an additional 896 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on DAR. Piper Sandler dropped their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, October 24th. UBS Group set a $50.00 target price on Darling Ingredients in a report on Monday, November 3rd. Weiss Ratings restated a "sell (d)" rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on Darling Ingredients from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, October 24th. Finally, Zacks Research downgraded shares of Darling Ingredients from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.11.

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Darling Ingredients Trading Up 0.2%

DAR opened at $34.70 on Friday. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The stock has a market capitalization of $5.49 billion, a PE ratio of 51.79, a P/E/G ratio of 2.35 and a beta of 1.30. The firm's fifty day moving average price is $32.14 and its 200 day moving average price is $33.43.

Darling Ingredients’ Sales, Earnings Soar On Clean Energy Demand

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.Darling Ingredients's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. As a group, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Randall C. Stuewe sold 35,000 shares of the business'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 value of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.07% of the stock is currently owned by corporate insiders.

About Darling Ingredients

(Free Report)

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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