Guinness Atkinson Asset Management Inc Has $134,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Guinness Atkinson Asset Management Inc lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 20.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,968 shares of the company’s stock after selling 992 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Darling Ingredients were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DAR. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 527 shares during the period. Signaturefd LLC boosted its holdings in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after buying an additional 386 shares during the last quarter. Blue Trust Inc. boosted its holdings in Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at about $58,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after acquiring an additional 758 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of analyst reports. Piper Sandler decreased 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. boosted their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price objective 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Trading Down 1.1 %

DAR opened at $36.70 on Monday. The stock has a market capitalization of $5.84 billion, a P/E ratio of 22.66 and a beta of 1.21. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $48.39. The firm’s fifty day simple moving average is $37.02 and its 200 day simple moving average is $37.57.

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 firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. As a group, research analysts anticipate that Darling Ingredients Inc. will post 1.75 EPS for the current fiscal 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.