DNB Asset Management AS Acquires 180,038 Shares of Darling Ingredients Inc. $DAR

DNB Asset Management AS grew its holdings in Darling Ingredients Inc. (NYSE:DAR) by 18.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,158,758 shares of the company’s stock after buying an additional 180,038 shares during the quarter. DNB Asset Management AS’s holdings in Darling Ingredients were worth $35,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DAR. Hantz Financial Services Inc. grew its stake 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 buying an additional 561 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Darling Ingredients in the third quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new position in shares of Darling Ingredients in the third quarter valued at $37,000. 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 138.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after purchasing an additional 877 shares during the period. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DAR has been the topic of several analyst reports. UBS Group set a $50.00 price target on Darling Ingredients in a research report on Monday, November 3rd. TD Cowen increased their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Piper Sandler boosted their price target on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. BMO Capital Markets increased their price objective on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Trading Down 0.2%

Shares of DAR stock opened at $52.96 on Friday. The business has a 50-day moving average of $43.27 and a 200 day moving average of $36.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.86 and a quick ratio of 0.87. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $53.71. The stock has a market capitalization of $8.38 billion, a PE ratio of 135.79, a P/E/G ratio of 0.55 and a beta of 1.27.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.