Advisors Asset Management Inc. Buys 1,759 Shares of Darling Ingredients Inc. $DAR

Advisors Asset Management Inc. increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 28,577 shares of the company’s stock after acquiring an additional 1,759 shares during the quarter. Advisors Asset Management Inc.’s holdings in Darling Ingredients were worth $1,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after buying an additional 73,925 shares during the last quarter. Maven Securities LTD increased its holdings in Darling Ingredients by 328.9% in the 1st quarter. Maven Securities LTD now owns 32,168 shares of the company’s stock worth $1,005,000 after purchasing an additional 24,668 shares in the last quarter. Nuveen LLC bought a new position in Darling Ingredients in the first quarter valued at about $11,546,000. PNC Financial Services Group Inc. raised its position in Darling Ingredients by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,450 shares of the company’s stock valued at $358,000 after purchasing an additional 706 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Darling Ingredients by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,114,704 shares of the company’s stock worth $34,823,000 after purchasing an additional 15,305 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Up 0.0%

Shares of Darling Ingredients stock opened at $36.61 on Monday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $42.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The stock’s 50-day moving average is $32.69 and its 200 day moving average is $33.50. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 2.35 and a beta of 1.30.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on DAR shares. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price objective for the company. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Piper Sandler reduced their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Finally, UBS Group set a $50.00 target price on Darling Ingredients in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.11.

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.