Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,676 shares of the company’s stock after purchasing an additional 455 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Darling Ingredients were worth $1,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. QRG Capital Management Inc. grew its position in shares of Darling Ingredients by 16.9% during the first quarter. QRG Capital Management Inc. now owns 6,103 shares of the company’s stock worth $284,000 after buying an additional 883 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Darling Ingredients by 3.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,723 shares of the company’s stock worth $7,475,000 after purchasing an additional 4,842 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Darling Ingredients by 42.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,863 shares of the company’s stock worth $4,273,000 after purchasing an additional 27,243 shares during the last quarter. M&G Plc acquired a new stake in shares of Darling Ingredients in the 1st quarter valued at about $773,000. Finally, Vanguard Group Inc. grew its stake in Darling Ingredients by 1.5% in the first quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock worth $726,056,000 after purchasing an additional 232,583 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler cut their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. TD Cowen dropped their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Stock Performance

DAR stock opened at $43.05 on Monday. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 26.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock’s fifty day moving average is $37.76 and its two-hundred day moving average is $38.59.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, research analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current year.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.