abrdn plc Has $28.11 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

abrdn plc lessened its position in Darling Ingredients Inc. (NYSE:DAR) by 52.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 564,094 shares of the company’s stock after selling 619,968 shares during the period. abrdn plc owned about 0.35% of Darling Ingredients worth $28,114,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DAR. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at $29,000. Stone House Investment Management LLC raised its holdings in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Millburn Ridgefield Corp bought a new position in shares of Darling Ingredients in the third quarter valued at about $31,000. Catalyst Capital Advisors LLC bought a new position in shares of Darling Ingredients in the third quarter valued at about $31,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Darling Ingredients in the third quarter valued at about $38,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Scotiabank dropped their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. dropped their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Stephens dropped their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Finally, BMO Capital Markets dropped their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.55.

Darling Ingredients Price Performance

Shares of DAR opened at $42.87 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The stock has a 50 day simple moving average of $43.85 and a 200 day simple moving average of $44.61. Darling Ingredients Inc. has a 52-week low of $38.97 and a 52-week high of $71.60. The firm has a market capitalization of $6.85 billion, a PE ratio of 10.77 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Sell-side analysts predict that Darling Ingredients Inc. will post 3.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kurt Stoffel purchased 8,000 shares of Darling Ingredients stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.26% of the company’s stock.

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.