Amalgamated Bank Sells 4,730 Shares of Darling Ingredients Inc. (NYSE:DAR)

Amalgamated Bank lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,904 shares of the company’s stock after selling 4,730 shares during the period. Amalgamated Bank owned about 0.06% of Darling Ingredients worth $4,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DAR. Turtle Creek Wealth Advisors LLC bought a new stake in Darling Ingredients in the fourth quarter valued at about $29,000. Millburn Ridgefield Corp bought a new stake in shares of Darling Ingredients during the third quarter worth $31,000. Catalyst Capital Advisors LLC bought a new stake in Darling Ingredients during the 3rd quarter worth about $31,000. Stone House Investment Management LLC lifted its position in shares of Darling Ingredients by 100.0% during the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Darling Ingredients by 483.8% in the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock valued at $40,000 after purchasing an additional 658 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAR has been the subject of several research reports. Scotiabank lowered their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Stephens dropped their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Citigroup increased their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets cut their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, Stifel Nicolaus cut their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.55.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.26% of the stock is owned by corporate insiders.

Darling Ingredients Stock Up 2.8 %

Shares of NYSE DAR opened at $44.52 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10. The company has a 50-day moving average price of $44.10 and a 200-day moving average price of $44.44. The stock has a market capitalization of $7.11 billion, a P/E ratio of 13.33 and a beta of 1.31. Darling Ingredients Inc. has a 1 year low of $38.97 and a 1 year high of $71.60.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities research analysts forecast that Darling Ingredients Inc. will post 3.08 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.