Lightrock Netherlands B.V. Has $8.08 Million Stock Position in Darling Ingredients Inc. $DAR

Lightrock Netherlands B.V. lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,807 shares of the company’s stock after selling 30,000 shares during the quarter. Darling Ingredients accounts for about 1.8% of Lightrock Netherlands B.V.’s holdings, making the stock its 23rd largest position. Lightrock Netherlands B.V.’s holdings in Darling Ingredients were worth $8,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Darling Ingredients during the 2nd quarter worth approximately $74,041,000. Marshall Wace LLP grew its holdings in shares of Darling Ingredients by 973.3% during the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after buying an additional 1,362,137 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Darling Ingredients by 66.0% during 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 buying an additional 1,320,817 shares during the period. Harspring Capital Management LLC purchased a new stake in Darling Ingredients in the 2nd quarter worth about $31,680,000. Finally, BNP Paribas Financial Markets lifted its stake in Darling Ingredients by 184.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 846,371 shares of the company’s stock worth $32,111,000 after acquiring an additional 548,844 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America started coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, UBS Group set a $50.00 price objective 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.63.

Darling Ingredients Stock Performance

DAR stock opened at $42.72 on Friday. The firm has a 50 day moving average of $36.79 and a two-hundred day moving average of $34.17. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.00. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 63.76, a P/E/G ratio of 0.51 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.