Earnest Partners LLC Lowers Stake in Darling Ingredients Inc. $DAR

Earnest Partners LLC lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,524,258 shares of the company’s stock after selling 157,398 shares during the period. Earnest Partners LLC owned 2.86% of Darling Ingredients worth $139,664,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DAR. Sound Income Strategies LLC bought a new position in Darling Ingredients in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after acquiring an additional 886 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Darling Ingredients in the third quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB grew its stake in Darling Ingredients by 138.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after purchasing an additional 877 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Darling Ingredients by 37.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock worth $51,000 after purchasing an additional 455 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DAR shares. BMO Capital Markets upped their target price on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen raised their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Price Performance

Shares of DAR stock opened at $54.72 on Friday. The stock’s 50-day moving average is $47.23 and its 200 day moving average is $38.31. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The company has a market cap of $8.68 billion, a P/E ratio of 140.31, a PEG ratio of 0.42 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion during the quarter. Research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.62% of the stock is currently owned by company insiders.

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.