Shell Asset Management Co. Sells 129,254 Shares of Darling Ingredients Inc. $DAR

Shell Asset Management Co. lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 99.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,157 shares of the company’s stock after selling 129,254 shares during the quarter. Shell Asset Management Co.’s holdings in Darling Ingredients were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings 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 buying an additional 561 shares during the period. Sound Income Strategies LLC bought a new stake in Darling Ingredients in the third quarter worth $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of Darling Ingredients during the third quarter valued at approximately $37,000. Finally, Wilmington Savings Fund Society FSB grew its position in Darling Ingredients by 138.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after acquiring an additional 877 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Down 0.0%

DAR opened at $51.59 on Tuesday. The company has a market cap of $8.16 billion, a PE ratio of 132.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.27. The company has a 50-day moving average price of $42.18 and a 200 day moving average price of $36.22. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $52.88. The company has a quick ratio of 0.87, a current ratio of 3.86 and a debt-to-equity ratio of 0.16.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%.The firm had revenue of $1.71 billion during the quarter. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a research report on Friday, February 13th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen increased their price target on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. Finally, Scotiabank restated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.