Janney Capital Management LLC Purchases 1,899 Shares of Darling Ingredients Inc. (NYSE:DAR)

Janney Capital Management LLC lifted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 28.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,631 shares of the company’s stock after buying an additional 1,899 shares during the period. Janney Capital Management LLC’s holdings in Darling Ingredients were worth $291,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on DAR shares. JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler decreased their price target 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Stock Performance

NYSE DAR opened at $34.97 on Thursday. The company has a fifty day moving average price of $36.62 and a 200-day moving average price of $37.54. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 21.58 and a beta of 1.21. 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 Inc. has a 1 year low of $32.55 and a 1 year high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) 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 firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities research analysts predict that Darling Ingredients Inc. will post 1.6 EPS for the current fiscal year.

Darling Ingredients 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.