Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) by 13.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 94,696 shares of the company’s stock after selling 15,203 shares during the quarter. Victory Capital Management Inc Holdings holdings in Darling Ingredients were worth $3,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. EverSource Wealth Advisors LLC raised its position in Darling Ingredients by 1,412.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares during the period. Rise Advisors LLC acquired a new position in Darling Ingredients in the first quarter valued at $25,000. Riverview Trust Co purchased a new position in Darling Ingredients in the first quarter valued at $55,000. Parallel Advisors LLC boosted its holdings in Darling Ingredients by 24.7% in the fourth quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after buying an additional 389 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Darling Ingredients by 56.9% in the fourth quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock valued at $100,000 after purchasing an additional 724 shares during the last quarter. 94.44% of shares are currently owned by institutional investors and hedge funds.

Darling Ingredients Stock up 0.4%

Shares of DAR stock opened at $35.34 on Tuesday. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $58.27. The stock has a market cap of $5.65 billion, a PE ratio of 10.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91, and a current ratio of 1.57. The company has a fifty day moving average of $38.13 and a 200 day moving average of $40.54.

Darling Ingredients (NYSE:DAR – Get Your Free Report ) last released its earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The company’s revenue fell 17.2% year over year. In the same quarter last year, the business earned $1.55 EPS. As a group, analysts expect Darling Ingredients Inc. will record 2.47 EPS for the current year.

Indoor activity

In related news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Insiders own 2.62% of the company’s shares.

The Wall Street analyst weighs in

A number of research firms have weighed in on DAR. TD Cowen cut their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday. Jefferies Financial Group cut their price target on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus cut their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, June 12th. Finally, Scotiabank cut their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, 12 July. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Moderate Buy” and a consensus price target of $60.10, based on data from MarketBeat.com.

Read the latest stock analysis on DAR

About Darling Ingredients

(Free report)

Darling Ingredients Inc develops, manufactures and sells natural ingredients from edible and non-edible bionutrients in North America, Europe, China, South America and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. It provides customized specialty ingredients and solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

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Want to see what other hedge funds own DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Darling Ingredients Inc. (NYSE:DAR – Free Report).

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