Handelsinvest Investeringsforvaltning Cuts Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Handelsinvest Investeringsforvaltning trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,815 shares of the company’s stock after selling 5,274 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Darling Ingredients were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of DAR. EverSource Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 1,412.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares during the period. Rise Advisors LLC bought a new stake in shares of Darling Ingredients during the 1st quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Darling Ingredients during the 4th quarter worth $29,000. Stone House Investment Management LLC raised its stake in shares of Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Finally, Headlands Technologies LLC raised its stake in shares of Darling Ingredients by 483.8% during the 4th quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock worth $40,000 after purchasing an additional 658 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Up 1.7 %

Shares of DAR opened at $37.83 on Wednesday. The business’s 50-day moving average price is $40.21 and its 200-day moving average price is $43.16. Darling Ingredients Inc. has a twelve month low of $33.94 and a twelve month high of $71.60. The stock has a market cap of $6.04 billion, a PE ratio of 11.14 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was down 20.7% on a year-over-year basis. On average, equities analysts forecast that Darling Ingredients Inc. will post 2.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DAR shares. Scotiabank lowered their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus lowered their target price on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, June 12th. TD Cowen lowered their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.45.

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.