ASR Vermogensbeheer N.V. Has $16.56 Million Stock Holdings in Darling Ingredients Inc. $DAR

ASR Vermogensbeheer N.V. boosted its stake in Darling Ingredients Inc. (NYSE:DAR) by 7.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 536,355 shares of the company’s stock after acquiring an additional 38,855 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Darling Ingredients were worth $16,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAR. DAVENPORT & Co LLC increased its holdings in shares of Darling Ingredients by 0.9% during the third quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock worth $1,639,000 after buying an additional 460 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Darling Ingredients by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock worth $2,772,000 after purchasing an additional 514 shares in the last quarter. Vontobel Holding Ltd. raised its position in Darling Ingredients by 3.3% in the second quarter. Vontobel Holding Ltd. now owns 16,209 shares of the company’s stock valued at $615,000 after purchasing an additional 524 shares during the last quarter. AlphaQuest LLC raised its position in Darling Ingredients by 11.6% in the second quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock valued at $201,000 after purchasing an additional 550 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. TD Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $45.00 in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Darling Ingredients Stock Performance

DAR stock opened at $39.60 on Friday. The firm has a market cap of $6.26 billion, a PE ratio of 59.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.25. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $36.07 and a 200-day moving average price of $34.11. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $42.15.

Darling Ingredients (NYSE:DAR) last released its 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). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Darling Ingredients Company Profile

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.