Andra AP fonden Invests $1.87 Million in Darling Ingredients Inc. $DAR

Andra AP fonden acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 60,708 shares of the company’s stock, valued at approximately $1,874,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Grantham Mayo Van Otterloo & Co. LLC raised its position in Darling Ingredients by 1.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after purchasing an additional 35,309 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after acquiring an additional 1,320,817 shares during the period. Norges Bank acquired a new stake in Darling Ingredients during the 2nd quarter worth approximately $74,041,000. Marshall Wace LLP lifted its position in Darling Ingredients by 973.3% in the 2nd quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after acquiring an additional 1,362,137 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Darling Ingredients by 18.4% during the third quarter. DNB Asset Management AS now owns 1,158,758 shares of the company’s stock worth $35,771,000 after buying an additional 180,038 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Up 0.3%

Shares of DAR opened at $53.12 on Monday. The firm’s 50-day simple moving average is $43.64 and its 200 day simple moving average is $36.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86. The firm has a market cap of $8.40 billion, a P/E ratio of 136.19, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $53.71.

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

Wall Street Analyst Weigh In

DAR has been the subject of a number of recent research reports. Robert W. Baird set a $64.00 price objective on shares of Darling Ingredients in a research note on Friday, February 13th. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. Finally, Piper Sandler boosted their price objective on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.60.

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.