Ninety One UK Ltd Buys Shares of 404,399 Darling Ingredients Inc. $DAR

Ninety One UK Ltd purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the third quarter, Holdings Channel reports. The fund purchased 404,399 shares of the company’s stock, valued at approximately $12,484,000.

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its position in Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Darling Ingredients in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after buying an additional 886 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after buying an additional 674 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in Darling Ingredients in the 2nd quarter worth approximately $106,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Down 1.5%

Shares of NYSE DAR opened at $36.00 on Friday. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $42.15. The firm’s 50 day moving average price is $34.80 and its 200-day moving average price is $34.08. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The company has a market cap of $5.69 billion, a PE ratio of 53.73, a P/E/G ratio of 2.69 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data 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 return on equity of 2.39% and a net margin of 1.84%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. Darling Ingredients’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Jefferies Financial Group raised their price objective on Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Bank of America assumed coverage on Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.33.

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.