Mutual of America Capital Management LLC Sells 3,206 Shares of Darling Ingredients Inc. $DAR

Mutual of America Capital Management LLC lowered its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,653 shares of the company’s stock after selling 3,206 shares during the period. Mutual of America Capital Management LLC’s holdings in Darling Ingredients were worth $2,984,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DAR. Cary Street Partners Investment Advisory LLC bought a new stake in Darling Ingredients during the first quarter worth about $30,000. Hexagon Capital Partners LLC boosted its stake in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC boosted its stake in Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares in the last quarter. Parallel Advisors LLC boosted its stake in Darling Ingredients by 45.0% during the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after acquiring an additional 674 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock worth $88,000 after acquiring an additional 468 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the topic of several analyst reports. Bank of America initiated coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday. Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Stock Down 0.4%

Shares of Darling Ingredients stock opened at $34.53 on Friday. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.22. The company’s 50 day moving average is $32.07 and its 200 day moving average is $33.08. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current 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.