Darling Ingredients Inc. $DAR Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in Darling Ingredients Inc. (NYSE:DAR) by 1.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,153,113 shares of the company’s stock after acquiring an additional 20,351 shares during the period. Assenagon Asset Management S.A.’s holdings in Darling Ingredients were worth $35,597,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Darling Ingredients by 681.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the period. Parallel Advisors LLC increased its stake in Darling Ingredients by 45.0% in the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after purchasing an additional 674 shares during the last quarter. Hilltop National Bank purchased a new position in Darling Ingredients during the second quarter worth about $106,000. Finally, GAMMA Investing LLC boosted its stake in Darling Ingredients by 43.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,959 shares of the company’s stock worth $112,000 after buying an additional 896 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

DAR opened at $34.64 on Friday. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $42.15. The company has a 50 day moving average of $33.99 and a two-hundred day moving average of $33.82. The company has a market cap of $5.48 billion, a P/E ratio of 51.69, a P/E/G ratio of 2.59 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The business 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 posted $0.11 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DAR. Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. Bank of America began coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.33.

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.