Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Connable Office Inc.

Connable Office Inc. increased its stake in Darling Ingredients Inc. (NYSE:DAR) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,397 shares of the company’s stock after acquiring an additional 1,542 shares during the period. Connable Office Inc.’s holdings in Darling Ingredients were worth $461,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DAR. Vanguard Group Inc. increased its position in shares of Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after purchasing an additional 232,583 shares during the period. Dimensional Fund Advisors LP boosted its stake in Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after buying an additional 1,800,809 shares in the last quarter. Earnest Partners LLC grew its holdings in Darling Ingredients by 14.0% during the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after acquiring an additional 470,170 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Darling Ingredients by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock worth $50,210,000 after acquiring an additional 15,414 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Darling Ingredients by 0.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company’s stock valued at $44,741,000 after acquiring an additional 6,200 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 2.2 %

NYSE DAR opened at $41.09 on Friday. The firm’s 50 day moving average price is $37.63 and its two-hundred day moving average price is $38.65. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 25.36 and a beta of 1.23.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. Equities analysts anticipate that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Profile

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.