Ninety One UK Ltd Takes Position in Darling Ingredients Inc. $DAR

Ninety One UK Ltd purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 404,399 shares of the company’s stock, valued at approximately $12,484,000. Ninety One UK Ltd owned approximately 0.26% of Darling Ingredients as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of DAR. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after buying an additional 561 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Darling Ingredients during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its holdings in Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Darling Ingredients by 45.0% during the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after buying an additional 674 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in Darling Ingredients during the second quarter worth $106,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

DAR stock opened at $36.00 on Friday. The firm has a 50 day moving average of $34.80 and a 200-day moving average of $34.08. The firm has a market capitalization of $5.69 billion, a P/E ratio of 53.73, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $42.15. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 EPS 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 firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 24th. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $45.00 in a report on Tuesday, December 2nd. Zacks Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. UBS Group set a $50.00 price target on shares of Darling Ingredients in a report on Monday, November 3rd. Finally, Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.33.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.