Truist Financial Corp Lowers Holdings in Darling Ingredients Inc. (NYSE:DAR)

Truist Financial Corp decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,960 shares of the company’s stock after selling 3,547 shares during the quarter. Truist Financial Corp’s holdings in Darling Ingredients were worth $2,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the period. Nisa Investment Advisors LLC grew its holdings in Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after buying an additional 310 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after purchasing an additional 337 shares during the period. Signaturefd LLC grew its holdings 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 during the period. Finally, Glenmede Trust Co. NA grew its holdings in shares of Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after purchasing an additional 412 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup decreased their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

Darling Ingredients Stock Down 4.8 %

NYSE DAR opened at $36.69 on Thursday. The stock has a market cap of $5.84 billion, a PE ratio of 21.21 and a beta of 1.21. Darling Ingredients Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $48.39. The business has a 50 day moving average price of $36.44 and a two-hundred day moving average price of $37.67. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.