Integrated Investment Consultants LLC Has $366,000 Holdings in Darling Ingredients Inc. (NYSE:DAR)

Integrated Investment Consultants LLC lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 10,871 shares of the company’s stock after selling 1,137 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Darling Ingredients were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC grew its position in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. grew its position in Darling Ingredients by 38.0% during the third 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 purchased a new position in Darling Ingredients during the third quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC grew its position in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler reduced their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Price Performance

NYSE:DAR opened at $36.70 on Friday. The stock has a market cap of $5.84 billion, a P/E ratio of 22.66 and a beta of 1.21. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. The company has a fifty day moving average price of $37.02 and a 200 day moving average price of $37.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 earnings per share. Analysts anticipate that Darling Ingredients Inc. will post 1.75 earnings per share for the current year.

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.