Darling Ingredients Inc. $DAR Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in Darling Ingredients Inc. (NYSE:DAR) by 37.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 42,219 shares of the company’s stock after purchasing an additional 11,533 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Darling Ingredients were worth $1,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after buying an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after acquiring an additional 58,925 shares in the last quarter. Focus Partners Wealth purchased a new position in Darling Ingredients during the 1st quarter valued at about $205,000. Wealth Enhancement Advisory Services LLC grew its position in Darling Ingredients by 18.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,379 shares of the company’s stock valued at $725,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Greenleaf Trust acquired a new position in Darling Ingredients in the 2nd quarter valued at about $234,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 0.5%

Darling Ingredients stock opened at $45.65 on Friday. The stock has a market cap of $7.22 billion, a PE ratio of 68.14, a P/E/G ratio of 0.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87. The stock’s fifty day moving average is $37.85 and its two-hundred day moving average is $34.44. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $47.26.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The business had revenue of $1.40 billion during the quarter. On average, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DAR shares. TD Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Bank of America began coverage on shares of Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Piper Sandler cut their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, UBS Group set a $50.00 target price on Darling Ingredients in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.63.

Darling Ingredients 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.