Handelsbanken Fonder AB Has $18.25 Million Stock Position in Darling Ingredients Inc. $DAR

Handelsbanken Fonder AB lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 42.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 591,140 shares of the company’s stock after selling 436,330 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.37% of Darling Ingredients worth $18,248,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DAR. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after purchasing an additional 561 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Darling Ingredients in the 3rd quarter valued at about $29,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its position 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 worth $39,000 after buying an additional 886 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 138.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after buying an additional 877 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 0.3%

Darling Ingredients stock opened at $53.12 on Friday. The company has a 50 day moving average of $43.64 and a 200-day moving average of $36.81. The company has a quick ratio of 0.87, a current ratio of 3.86 and a debt-to-equity ratio of 0.16. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $53.71. The stock has a market capitalization of $8.40 billion, a PE ratio of 136.19, a price-to-earnings-growth ratio of 0.55 and a beta of 1.27.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The business 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%. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Piper Sandler raised their price target on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a report on Tuesday, February 17th. JPMorgan Chase & Co. increased 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, January 21st. Finally, Robert W. Baird set a $64.00 target price on Darling Ingredients in a research report on Friday, February 13th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

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.